The Board of Directors of ITT Corporation announced it elected Ann Davidson, ITT's chief ethics and compliance officer, a vice president of the corporation.
Before joining ITT, Davidson held a number of legal, ethics and compliance leadership positions at Thales North America, Alliant Techsystems, Inc., Honeywell, and Parker Hannifin.
Source: ITT
FCX Performance Inc. acquired North Coast Instruments, a distributor of electric actuators and related process equipment and provider of repair services in Ohio and surrounding states.
The combined company will have sales of $130 million, 14 offices serving 21 states and over 190 employees.
Source: Flow Control
The Eaton Corporation has bought Integ Holdings, the parent of Integrated Hydraulics, the UK manufacturer of screw-in cartridge valves, custom-engineered hydraulic valves and manifold systems. Terms of the deal have not been disclosed.
Source: Drives & Control
Demand for industrial valves in China is projected to rise 11.5% per year through 2011 to 79 billion yuan, according to a study by The Freedonia Group, titled Industrial Valves in China. Gains are expected to be driven by rapid growth in process manufacturing, public utilities construction and general construction activity overall as China continues its process of industrialization and urbanization.
Source: Flow Control Network
Talk of the North American economy sliding into recession has Peter France puzzled. “We are having a fantastic year in the US,” says Mr France, the chief executive of Rotork, an engineering group based in Bath, Somerset. Turning to Rotork’s business in general, Mr France – who took the company’s top job at Rotork in May – says that, while trying not to be complacent, he has yet to see signs of a downturn.
Source: Financial Times
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