SPX sells municipal water, wastewater valve business

Charlotte, NC; St. Cloud, MN—SPX Corp. recently sold its municipal water and municipal wastewater valve business to Granite Equity Partners and affiliates for $29.75 million.


Charlotte, NC; St. Cloud, MN— SPX Corp. recently sold its municipal water and municipal wastewater valve business to Granite Equity Partners and affiliates for $29.75 million. Located in Sartell, MN, this water valve manufacturing facility and its related business generate approximately $60 million in revenue per year. SPX manufactures technical products and systems, industrial products and services, flow and cooling technologies and services, and service solutions.

'Completing the sale of this business allows us to reallocate our resources to the growth opportunities in our key served markets,” says Don Canterna, president of SPX Process Equipment. “This is a good business, but our growth strategy for our valve business is focused on global markets, where our Copes-Vulcan, Febco, Daniel Valve, DeZurik, and Mueller Steam Specialty brands are well-recognized and have opportunities to expand.'

Consequently, the company decided to divest this business in May 2004. Based on the expected sale, operating results for the valve business were reported as discontinued operations in 2004’s second quarter. This business was previously part of SPX’s Flow Technology segment.

Control Engineering Daily News Desk
Jim Montague, news editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me