Baker Hughes is acquiring ARMS Reliability. The acquisition deepens Baker Hughes’ industrial asset performance management (APM) capabilities and will expand the company’s industrial asset management offerings. The acquisition is expected to close in the second quarter of 2021.

ARMS Reliability's global customer base has strong adoption in the U.S. and Australia, and the agreement is expected to drive strong growth in APM adoption in other geographic markets. 

Emerson has announced that Ram Krishnan, who leads final control for Emerson, has been named executive vice president and chief operating officer. Mark Bulanda, who currently serves as senior vice president of planning and development, will become the new executive president of Automation Solutions. Steve Pelch, who has served as executive vice president and COO since 2018, will leave the organization to pursue other opportunities. 

Victaulic has purchased a 220,000 square foot Waupaca manufacturing plant in Lawrenceville, PA. When operating at full capacity, the facility will increase Victaulic’s foundry production capacity by 70% in the U.S. and allow for future growth as Victaulic’s business demands increase. The facility, including two foundry molding lines, will also enable Victaulic to produce larger scale products.

The company is also nearing the completion of an additional 400,000 square foot light assembly operations facility in Lower Nazareth, PA, which is expected to be fully operational in 2021. 

On February 15, 1921, McJunkin Supply Company was founded in the hills of West Virginia, and over the next 100 years, companies from around the world would be established and grow into what is now known as MRC Global. Together, these heritage companies built the leading pipe, valve and fitting (PVF) distributor for the global oil and gas industry. MRC Global will celebrate its 100-year anniversary throughout 2021.