Last updateMon, 19 Oct 2020 3pm

Robbie Riggs Named Teadit North America VP of Sales & Marketing

Robbie RiggsTeadit North America has promoted Robbie Riggs to the position of vice president of sales and marketing. Working closely with the regional sales managers and technical support team, Riggs will have responsibility for all market strategies and sales performance.

After gaining industry experience working in gasket distribution for 16 years, Riggs joined the Teadit team in 2018 and has served for two years as the director of national contracts & strategic market development.

Emerson Selected by Jaguar for Onshore E&P Program

Emerson announced that Jaguar Exploración y Producción (Jaguar), an independent oil and gas company based in Mexico City, will use its exploration and production (E&P) software and services to maximize the potential of Jaguar’s onshore assets and projects. Jaguar plans to utilize Emerson’s E&P software solutions for seismic and well data analysis, multi-survey seismic and geologic interpretation, petrophysical analysis and subsurface modeling to improve performance, enhance operational certainty and support effective asset management.

Having been awarded 11 of the 24 blocks offered, Jaguar was the biggest winner of the six and seventh auctions held since the Mexican government opened the country’s energy industry to private competition in 2013.

Alfa Laval Agrees to Buy Neles for Approximately $2 Billion

Swedish company Alfa Laval AB and Neles Corporation have entered into a combination agreement pursuant to which Alfa Laval will make a voluntary recommended public cash tender offer for all issued and outstanding shares in Neles that are not held by Neles or any of its subsidiaries.

In the tender offer, Neles’ shareholders will be offered a cash consideration of 11.50 euros for each issued and outstanding share in Neles, valuing Neles’ total equity at approximately 1,727,000,000 euros ($1.97 billion). The board of directors of Neles who participated in the decision-making have unanimously decided to recommend that the shareholders accept the tender offer.

Neles’ New Valve Technology Center in China Starts Operations

Neles’ new valve technology center in Jiaxing, China, has started its operations. The new plant strengthens Neles’ valve and related products production capabilities and increases availability for customers across various process industries, in China and globally. The greenfield investment to respond to the growing demand of valve technologies was announced in October 2018.

The new plant will produce over 100,000 valves per year. Neles has valve technology or production centers around the world in North America, Germany, Finland, South Korea, Saudi Arabia and India.

Richards Industrials Names Bast President & CEO, Succeeding Broxterman

Jordan BastThe board of directors at Richards Industrials has appointed Jordan Bast as president and CEO. Bast brings to the position a wealth of knowledge and experience in the valve industry on national and global levels. He has vast experience in business development and management across process industries and discrete manufacturing, having recently served as VP and general manager for Crane Fluid Handling.

Bast will join Richards Industrials on July 13, 2020. He will succeed Bruce Broxterman, who is retiring after fifteen years as president and CEO but will remain a member of the board.

Broxterman is excited for this new chapter and says “Bast has the leadership skills, extensive experience and passion that perfectly positions him to lead Richards forward.”

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