06132021Sun
Last updateFri, 11 Jun 2021 4pm

Powercomm Withdraws Takeover Offer for Unified Valve After Due Diligence

PowerComm Inc. said Friday it was cancelling its planned takeover of Unified Valve Ltd. after completing its due diligence.

"Although our strategic plan is for continued growth we must be cognizant of delivering accretive solutions to our shareholders and in the case of Unified Valve Ltd., our companies were unable to agree on revised terms based on the recent economic situation," said Wayne Rutherford, PowerComm's President and CEO.

Source: Canadian Press

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Council to Consider Fisher Proposals

The Marshalltown, IA City Council will consider a couple of requests from Fisher Controls for improvements around the company's property in the downtown area.

Fisher Controls would like to landscape a median area on South Center Street between Boone and Linn streets. This is between their two buildings downtown.

Source: Times-Republican

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Flowserve’s Cookeville Facility Receives Nuclear Quality Assurance Level 1 Qualification

Flowserve Corp. announced that its Cookeville, Tennessee plant has achieved Nuclear Quality Assurance Level 1 qualification.

This qualification enables Flowserve’s valves to be used in the cleanup, or remediation, of contaminated facilities. The contaminants are collected and pumped to facilities where the vitrification process concentrates and fuses the radioactive materials into impermeable glassy solids, which can then be stored safely for thousands of years as the isotopes decay and ultimately become harmless.

Source: Flowserve

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