MRC Global (no. 9), NOW Inc. (no. 13) and Wolseley Industrial Group (no. 16) are all on the latest BIG 50 List,
annual list of the largest industrial distributors in the world. VMA associate member DistributionNOW is a subsidiary of NOW Inc.
Emerson has agreed to acquire Paradigm for a purchase price of $510 million, reflecting a multiple of 13 times expected 2017 EBITDA. Paradigm will be joined with Emerson’s existing Roxar automation software. The
is expected to close within the next 60 days, subject to various regulat...
According to ConstructConnect, September’s volume of construction starts, excluding residential activity, was $42.8 billion. The month-to-month change versus August was an outsized +31.5%. The
in the latest period was thanks to go-aheads for three mega projects combining for a to...
According to the U.S. Energy Information Administration (
), crude oil exports in the first half of 2017 increased by more than 300,000 barrels per day (b/d) from the first half of 2016, reaching a record high of 0.9 million b/d. Petroleum product exports also grew over the same period with propan...
The index for current manufacturing activity in the Philadelphia Federal Reserve region increased 4 points to a reading of 27.9 and is now at its
since May. More than 39% of the firms indicated increases in activity this month, while 11% reported decreases. Both the new orders and ship...
Reports from all 12 Federal Reserve Districts indicated that
increased in September through early October, with the pace of growth split between modest and moderate. The Richmond, Atlanta, and Dallas Districts reported major disruptions from Hurricanes Harvey and Irma in some areas a...
This year, products manufactured by members of the VMA were honored in all 3 categories of Flow Control magazine’s annual Innovation Awards. Cameron Measurement Systems and Emerson Process Management won in the Measurement category; ASCO Valve in the Control category; and Flowserve and Garlock Sealing Technologies were recognized in the Containment category.