THE WOODLANDS, Texas – Fortifi Food Processing Solutions has announced that it has completed its acquisition of Provisur Technologies. The acquisition reinforces Fortifi’s commitment to offer complete solutions that integrate optimal automation, robotics and software capabilities.
NEWS
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NEW YORK, N.Y. – The American Institute of Chemical Engineers (AIChE) announced that the AIChE board of directors has appointed Victor Bohnert as chief executive officer. Bohnert has served as interim CEO during AIChE’s leadership transition.
GLASGOW, Scotland – Weir has entered into a binding agreement to acquire the remaining 50% share of its Chile-based joint venture ESCO Elecmetal Fundición Limitada (“ESEL”) for a sterling equivalent purchase price of £56m (US$75m), subject to customary net debt and working capital adjustments.
STAMFORD, Conn. – ITT Inc. has announced it has entered into a definitive agreement with Lone Star Funds to acquire SPX FLOW, a leading provider of highly engineered equipment and process technologies for attractive end markets including industrial, health and nutrition, for a total consideration of $4.775 billion in cash and equity. This represents 14.2x SPX FLOW’s forecasted full year 2026 adjusted EBITDA, or 11.5x includingnexpected cost synergies.
HOUSTON – DXP Enterprises, Inc. has announced that it has completed the acquisition of Pump Solutions, Inc. (“Pump Solutions”). Founded in 1999, Pump Solutions is headquartered in New Caney, Texas, and operates out of four locations servicing Texas.
LUBBOCK, Texas – Lubbock, Texas-based SIMFLO has announced significant operational advancements, including major upgrades to its Arizona pump testing facility, the opening of a new quality control center in Lubbock and the launch of a new corporate website.
Plymouth Meeting, PA – Cooney Brothers announced the upcoming retirement of Vice President and Head of Inside Sales William E. Cooney IV, whose nearly five decades of service have left a lasting impact on the company’s culture, customers and community. As Cooney prepares to pass the torch, inside sales leadership is already transitioning, with Matt Long stepping into the inside sales manager role.
COSTA MESA, Calif. – The Cla-Val company has promoted Jake Corzine to sales director for the Americas, in charge of the USA, Canada and Latin America. He will be managing a team of over 60 people.
This new position follows a previous promotion 6 years ago when Corzine became the youngest person in the company’s history to be promoted to western regional manager, a role that expanded and thrived under his leadership.
REDDING, Calif. – AqueoUS Vets (AV) has appointed Harland Pond as vice president of sales.
AUSTIN, Texas – Infinitum has announced the appointment of Kevin Paprzycki as chief financial officer.