HOUSTON (Dec. 9, 2013) – DXP Enterprises, Inc., and B27, LLC, principally controlled by Champlain Capital Partners, L.P., announced that they entered into a definitive agreement pursuant to which DXP will acquire all of the equity securities and interests of B27, LLC, at a purchase price of approximately $285 million.
NEWS
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ZURICH (Dec. 6, 2013) – ABB won orders worth $180 million in 2013 to deliver complete electrical power plants and propulsion systems for six new cruise liners that include its latest-generation Azipod XO units. The orders make 2013 the best-ever year for ABB in cruise liners with the Azipod system.
PARIS (Dec. 5, 2013) – Schneider Electric and DONG Energy agreed to cooperate on a technological and commercial partnership for a more sustainable energy supply of remote islands in Africa. The ambition is to enable African electric network operators of remote or isolated island grids to increase the share of renewable used while maintaining grid stability and reliability for consumers.
AARHUS, Denmark (Dec. 5, 2013) – Phosphorus scarcity may become a major challenge in the future. As a nutrient it is an essential factor in plant growth and therefore an important element of food production for a growing global population. Naturally occurring phosphorus which can be mined for fertilizer is a limited resource in danger of being exhausted. Phosphorus recycling and new ways of mining it have therefore become areas receiving global attention.
SENECA FALLS, N.Y. (Dec. 4, 2013) – ITT’s Goulds Pumps brand has launched the third annual World of Pumps Quiz, building on the success of the global pump industry challenge that last year attracted more than 15,000 participants from 151 countries. The quiz runs for 20 weeks, offering new sets of questions biweekly, and ends at midnight on March 30, 2014.
DECATUR, Ga. (Dec. 4, 2013) – Newcomb Spring Corp. named Daniel (Dan) Tetreault as the new general manager of its New England facility, Newcomb Spring of Connecticut. In this position, Tetreault will oversee operations at the plant, lead new business development and assist customers in the manufacture of custom springs, wire forms and stamped metal parts.
Tetreault was previously employed at WAFIOS Machinery Corporation, where he served as vice president.
CHICAGO (Dec. 3, 2013) – Jordan, Knauff & Company (JKC) was honored to receive the 2013 Energy Services & Manufacturing Deal of the Year award at the Americas M&A Atlas Awards recently in New York. The Americas M&A Atlas Awards recognize outstanding achievements of firms and individuals in the middle-market mergers and acquisitions (“M&A”) industry throughout North and South America.
WAYNE, Pa. (Dec. 2, 2013) – Longtime Fluid Sealing Association member John Hale Wheeler was born in Dallas on Aug. 11, 1927, to Harley and Elizabeth Hooks Wheeler and passed away on Nov. 27, 2013.
MISSISSAUGA, Ontario, Canada (Nov. 28, 2013) – Lafert North America has been awarded WINNER in the Green Building Category of the 2014 AHR Expo Innovation Awards Competition. A panel of industry professionals, selected for their knowledge and expertise in the HVACR industry, found Lafert North America’s product to be worthy of this honor, which will be awarded January 21 – 23 at the AHR Expo.