WINTERTHUR, Switzerland -- Sulzer last week announced plans to acquire a New Zealand pharmaceutical delivery company to round out its Applicator Systems division.

Sulzer has signed a binding agreement to acquire Simcro, a 230-employee company that manufactures animal pharmaceutical delivery devices such as injectors and applicators for livestock and companion animals. A Sulzer release values the acquisition at NZD 132 million.

More from the release:

DALLAS -- Flowserve has elected Roger Fix as its new chairman following the retirement of previous Board of Directors Chair Bill Rusnack.

Fix has served as a Flowserve director since 2006, according to a report on worldpumps.com. He was originally elected to the Board of Directors in 2006.

Previously, Fix was president and chief executive officer of Standex International Corporation.