Last updateTue, 13 Apr 2021 2pm

Emerson Announces Leadership Changes

bulanda markEmerson 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 Acquires Waupaca Foundry’s Manufacturing Facility

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. 

MRC Global Celebrates 100th Anniversary

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. 

Emerson Considering Sale of Appleton Group for $1 Billion

Bloomberg is reporting that Emerson “is considering a sale of electrical products unit Appleton Group, according to people familiar with the matter. The St. Louis-based company has held preliminary talks with advisers about a potential $1 billion auction of the business in 2021, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The unit is likely to attract interest from peers and private equity firms, although no final decision has been made and Emerson could elect to keep Appleton, the people said.” 

EnPro Realigns Businesses into Three New Segments

EnPro Industries, Inc. has realigned its reporting segments to enhance transparency and collaboration across the company as part of its ongoing portfolio reshaping strategy.

The new Sealing Technologies segment is composed of Garlock, Stemco and Technetics (excluding Semiconductor) businesses.

Beginning with the fourth quarter of 2020, EnPro Industries will report its quarterly and full year financial statements under the new segment structure with prior periods reflecting the change. 

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