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U.S. Petroleum Demand Strong in March

Metso Opens New Valve Technology Center in South K...

EPA Approves $325M Natural Gas Plant Near Houston

Study Details Petroleum Industry’s Contribution ...

Leading Economic Indicators Increased in March

Ivan Velan: VMA’s New Leader Has Strong Family Roots

The Valve Manufacturers Association welcomed its first chairman from a Canadian company when Ivan Velan, executive vice president, Velan, Montreal, Queb...

High-Performance Polymers: The Gap Between Need and Science

In many engineering sectors, application environme...

Tank Cars

The next time you‘re stopped at a crossing waiting...

Extracting Nutrients, Saving Resources through Livestock Water Recycling

Giant livestock farms, which can house thousands o...

Do I need to be concerned about galvanic corrosion when selecting valve materials?

A: This is a good question, and the answer should b...

The Expanding Network of Valves

As industry itself reaches into more and more area...

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Industry Headlines

Valve Manufacturing

Metso Opens New Valve Technology Center in South Korea

Metso announced on January 22, 2014 the decision to invest in a new greenfield N...

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End-User News

U.S. Petroleum Demand Strong in March

Total U.S. petroleum deliveries (a measure of demand) rose 0.4% from March 2013 ...

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Manufacturing & The Economy

Leading Economic Indicators Increased in March

The Conference Board Leading Economic Index ( LEI ) for the U.S. increased 0.8% in...

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Web Only

Association News

Ivan Velan: VMA’s New Leader Has Strong Family Roots

The Valve Manufacturers Association welcomed its first chairman from a Canadian ...

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Business & Management

After You Sell it You Have to Deliver

One of the most important factors to consider when encountering business growth ...

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Technical

High-Performance Polymers: The Gap Between Need and Science

In many engineering sectors, application environments for polymer-based material...

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Trends & Forecasts

Opportunities and Solutions for a Crumbling Infrastructure

President Obama’s Fix-It-First program, announced during the February 2014 State...

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End-user Industries

And the Top 10 Highest-Dollar U.S. Project Starts in 2013 are…

The 10 highest-value project starts from January through July 2013 span a divers...

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Interviews

Richard Coffman: Doing Business with Humor and Humility

Like so many of the people involved in the valve industry, 40-year-veteran Richa...

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Manufacturing

Valve Companies Urged to Comment by Aug. 30 on Proposed Export License Requirements

Many valve companies must currently obtain export licenses for shipments of cert...

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Education & Training

Valve Basics: It’s a Zoo Out There!

When VMA launched its Valve Basics course in 2009, it soon became clear the prog...

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Standards

Driving Valve Design in the Power Industry

Contrary to what might be expected, valve design in the power industry is not ne...

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Magazine

Feature Articles

Creating a Standard to Compare Control Valve Products

Each enthusiastic young engineer that comes into the workplace wants to reinvent...

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Actuators and Controls

Fire Protection Solutions

Because of the potential harm and damage to people and property, fires and explo...

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Beyond Valves

Picking the Right Flowmeter

There are many types of flow devices used to measure liquids and gases in closed...

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Where Valves Are Used

Tank Cars

The next time you‘re stopped at a crossing waiting for a mile-long train you thi...

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Maintenance & Repair

Rebuilders Beware: EPA Clean Air Requirements Will Affect You

When watching complicated events unfold, it’s human nature to sit smugly back an...

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Water Works

Extracting Nutrients, Saving Resources through Livestock Water Recycling

Giant livestock farms, which can house thousands of pigs, chickens or cows, prod...

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NEW! The Distributor Channel

The Expanding Network of Valves

As industry itself reaches into more and more areas of the world, getting the eq...

Materials Q&A

Do I need to be concerned about galvanic corrosion when selecting valve materials?

A: This is a good question, and the answer should begin with discussing exactly w...

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Back to Basics

The Expanding Reach of Plastic Valves

Although plastic valves are sometimes seen as a specialty product—a top choice o...

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American International Industries Announces Definitive Asset Purchase Agreement With Shumate Industries

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Details: Published on Tuesday, 09 September 2008 16:11

American International Industries, Inc. and Shumate Industries, Inc. announced that they have signed the Asset Purchase Agreement, whereby AMIN has agreed to purchase the assets of Shumate Machine Works Corporation, a subsidiary of SHMT, for approximately $6.7 million in cash. The closing of the proposed transaction is scheduled for October 1, 2008, subject to certain closing conditions.

Source: TMC Net

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