ATLANTA & DALLAS – Chart Industries, Inc. and Flowserve Corporation have announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a differentiated leader in industrial process technologies. The combined company is expected to have an enterprise value of approximately $19 billion based on the exchange ratio and the closing share prices for Chart and Flowserve as of June 3, 2025.
NEWS
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MONTREAL, Canada – ABB Electrification Canada Inc. has announced it has completed its acquisition of Bel Products Inc. This acquisition enhances ABB’s market presence in Canada and the U.S., expanding its product portfolio and enabling the company to leverage its manufacturing, warehousing and supply chain capabilities to better meet growing customer demand. The financial terms of the transaction are undisclosed.
MADISON HEIGHTS, Mich. – Clinton (Clint) Reilmann joined Wall Colmonoy in August 2024 as chief financial officer with extensive experience in finance, accounting, compliance and operational excellence in the manufacturing industry.
MILWAUKEE, Wis. – The Water Council (TWC), a global leader in water stewardship and technology innovation, has named Karen Frost as its new executive director.
HOUSTON – Cactus, Inc. (“Cactus” or the “Company”) has announced that its subsidiary Cactus Companies, LLC has entered into a definitive agreement with certain subsidiaries of Baker Hughes Company (“Baker Hughes”) to acquire 65% and assume operational control of the Baker Hughes Surface Pressure Control Business (“SPC” or the “Business”).
HELSINKI, Finland – Outokumpu and Grundfos are kicking off a new collaboration on green steel. The vast majority of Grundfos’ standard material supplied by Outokumpu will be changed into Outokumpu Circle Green, stainless steel with up to 93% lower carbon footprint compared to the global industry average. Already this year, approximately 90% of the stainless steel used in Grundfos’ production— used for the company’s energy-efficient and water-saving pump solutions—will be Circle Green.
BIRMINGHAM, Ala. – Motion Industries, Inc. has announced the opening of its first Canadian Motion Conveyance Solutions shop. The new facility, located at 100-10725 74 St. SE, Calgary, Alberta, officially opened its doors on May 1, 2025. This strategic location is designed to enhance Motion’s ability to serve customers’ growing needs across Western Canada. The Calgary shop marks a major milestone for Motion, becoming the company’s first Conveyance Solutions facility in Canada.
KANSAS CITY, Mo. — Mark Garrett has joined Garney as its first chief people officer. Garrett brings decades of leadership experience in human resources and operations, having held senior roles at Hallmark Cards, Farmland Foods, Smithfield Foods and most recently, Blue Cross and Blue Shield of Kansas City.
PORT ORANGE, Fla. – Thompson Pump is honored to be recognized for the second year in a row as one of the fastest-growing Gator-led businesses in the world, earning a spot on the University of Florida’s prestigious 2025 Gator100 list.