Spirax-Sarco Engineering PLC Completion of Acquisition (9973J)
July 04 2017 - 2:00AM
UK Regulatory
TIDMSPX
RNS Number : 9973J
Spirax-Sarco Engineering PLC
04 July 2017
4(th) July 2017
Completion of the acquisition of Chromalox Inc.
Spirax-Sarco Engineering plc (Spirax Sarco), which specialises
in the control and efficient use of steam, and in peristaltic
pumping and associated fluid path technologies, is pleased to
announce the completion of the acquisition of Chromalox Inc.,
details of which were announced on 26(th) May 2017.
Nicholas Anderson, Group Chief Executive of Spirax Sarco,
said:
"We are delighted to complete the acquisition of Chromalox and
welcome our new colleagues to the Spirax Sarco family. Chromalox is
closely related to our Steam Specialities business, in delivering
thermal energy solutions to customers, and we look forward to
leveraging the Steam Specialities business model and our global
footprint to further internationalise Chromalox and to enhance and
grow their already strong US business".
Enquiries:
Nicholas Anderson, Chief Executive
Kevin Boyd, Group Finance Director
Tel: 01242 535234
About Spirax Sarco
Spirax-Sarco Engineering plc is the world leader in each of its
two existing businesses: Spirax Sarco for steam and Watson-Marlow
Fluid Technology Group for niche peristaltic pumps and associated
fluid path technologies. Spirax Sarco provides a broad range of
fluid control and, post the acquisition of Chromalox electrical
process heating products, engineered packages, site services and
systems expertise for a diverse range of industrial and
institutional customers. The business helps its end users to
improve production efficiency, reduce energy costs, water usage and
emissions, improve product quality and enhance the safety of their
operations. Watson-Marlow Fluid Technology Group offers the ideal
solution for a wide variety of demanding fluid path applications
with highly accurate, controllable and virtually maintenance free
pumps and associated technologies. The Group is headquartered in
Cheltenham, England and has strategically located manufacturing
plants around the world. Following the acquisition, the Group will
employ over 7,000 people, of whom approximately 1,550 are direct
sales and service engineers. Its shares have been listed on the
London Stock Exchange since 1959 (symbol: SPX).
Further information can be found at
www.spiraxsarcoengineering.com
This information is provided by RNS
The company news service from the London Stock Exchange
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