Last updateWed, 28 Oct 2020 4pm

Valmet Proposes Merger with Neles

Valmet has approached the Board of Directors of Neles with a proposal to start discussions on a potential statutory merger between the two companies. Valmet believes that a merger with Neles in the long-term would create excellent value for both companies’ shareholders.

A statutory merger requires negotiations between the two companies. Even if such negotiations are initiated, there is no certainty that they will result in a final agreement.

Richards Industrials Names Tara Baker Regional Sales Manager

Richards Industrials Tara BakerRichards Industrials announced that Tara Baker has been promoted to the position of regional sales manager. She was previously a client consultant at Richards for the past seven years.

Baker will spend the next two months attending the Richards RSM Training Program, after which she will be assigned a territory within the U.S. Her role will be to build, develop and lead a team of sales representatives focused on driving growth for Richards’ products lines.

Spirax Sarco Aiming for Carbon Neutrality by 2040

Spirax Sarco is one of over 40 UK companies that has committed to achieving carbon neutrality by 2040 and one of over 20 companies that has committed to biodiversity net gain.

The full list of commitments made by group chief executive Nicholas Anderson, ahead of a Business Leaders Event organized by the Council for Sustainable Business and DEFRA, includes sourcing 50% of the company's electricity from renewable sources by 2030 and establishing a 2030 biodiversity net gain target.

Emerson Collaborating with Integra CMS

Emerson has signed a joint commercialization agreement with Integra CMS, a specialty consulting company focusing on specification and implementation of continuous pharmaceutical manufacturing systems, to provide comprehensive technologies and services for continuous processes. The two companies aim to quicken adoption of continuous manufacturing processes throughout the industry.

Baker Hughes Selling SPC Flow Unit to Pelican Energy Partners

Pelican Energy Partners LP has an agreement to purchase the assets of the Surface Pressure Control Flow (SPC Flow) business unit of the Oilfield Equipment segment of Baker Hughes. Pelican is working in cooperation with the management team of SPC Flow to carve-out the business unit as a stand-alone business wholly focused on providing pressure control products and services primarily in the U.S., with operations also in Australia, Papua New Guinea and Trinidad & Tobago.

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