09152019Sun
Last updateThu, 12 Sep 2019 5pm

Richards Industries Acquired by Astor Place Holdings

Astor Place Holdings, the private investment arm of Select Equity Group, L.P., has acquired substantially all of the assets of Richards Industries, Inc. Terms of the transaction were not disclosed.

CEO Bruce Broxterman and the management team will remain in their current roles. Astor Place Senior Advisor Jim Graner will assume the role of non-executive Chairman of the Board. Graner brings over 40 years of experience in the flow control sector and was most recently the CFO of Graco, Inc.


Metso Expands its Valve Distributor Network in Europe

Metso signed new distributor agreements in eight European countries for its valve business during the first half of 2019. The new agreements help to further expand the coverage of Metso’s valve offering in various customer industries. Depending on the country, the distributors serve process industries, such as refineries, petrochemical, chemical, fertilizer, steel, bioenergy, food, power, pulp & paper and wastewater. Some of the distributors also provide service support for Metso valves and valve controls.

Highland Foundry Receives OSSE Certification

Highland Foundry Ltd has been granted the Occupational Safety Standards of Excellence (OSSE) certification by the Manufacturing Safety Alliance of British Columbia.

Highland joins an elite group of manufacturers with this OSSE certification. The Certificate Seal signifies to employees, visitors and business partners alike that the company is committed to the health and safety of its workers and the elimination of serious injuries in the manufacturing workplace.

Victaulic Wins Gold Dealer Design Award

The QuickVic SD Installation-Ready System from Victaulic was recognized for outstanding product design in the 16th annual Dealer Design Awards, sponsored by The Air Conditioning Heating & Refrigeration (ACHR) News magazine. The contest is judged by a panel of contractors who evaluate HVACR products based on qualities that ease installation, maintenance and service in the industry. Victaulic received a Gold Award in the HVAC Commercial Equipment category.

Emerson Automates First Caspian Subsea Project

Emerson has completed its $48 million contract for automation systems and cloud engineering software-as-a-service for the Shah Deniz 2 project in Azerbaijan and is fulfilling an ongoing five-year services contract. The $28 billion project includes the first subsea development in the Caspian Sea. At plateau, the BP-operated Shah Deniz 2 is expected to produce 16 billion cubic meters of gas per year incrementally to Shah Deniz 1 production.

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