Last updateMon, 10 May 2021 4pm

Flowserve MaxFlo 3 and NR Diaphragm Actuator Granted SIL 3 Certification

Flowserve Corp. announced the Valtek MaxFlo 3 Valve and NR Diaphragm Actuator achieved Safety Integrity Level (SIL) 3 certification of IEC 61508 Parts 1,2.

SIL is a measurement of the effectiveness of a safety system.  A third-party organization evaluates a safety instrumented function (SIF) and its hardware, considering such factors as redundant architectures, proof test intervals, proof test effectiveness, any automatic diagnostics, average repair time, and specific failure rates of all products and subsystems included in the SIF.

“SIL 3 certification gives Flowserve customers added peace of mind in the safety and reliability of the MaxFlo 3 Valve and NR Diaphragm Actuator,” said Eric Anthony, Director of Marketing, Control Valve Products, Flowserve Flow Control Division.  “We design valves and actuators with performance, reliability and safety in mind, and this certification validates our focus on quality.”

Flowserve partnered with exida Certification S.A., one of the world’s leading knowledge companies specializing in automation system safety and availability, to conduct the SIL certification process. The exida certification process involved an on-site audit and the development of a detailed safety case.

Source: Flowserve


Crane Co. Acquires Delta Fluid Products

Crane Co. announced that it had purchased all of the capital stock of Delta Fluid Products Limited, a leading designer and manufacturer of regulators and fire safe valves for the gas industry, and safety valves and air vent valves for the building services market, for a purchase price of approximately $28 million in cash on a debt free basis.

Source: Crane

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VanAire Names New Leader

Mike Sanville has been named chief executive officer of VanAire, a Gladstone manufacturing company. The appointment comes four months after the unexpected death of company founder and former president and CEO, Richard "Dick" VandeVusse.

The company's leadership team, led by Beverly VandeVusse, president of VanAire since husband Richard VandeVusse's death, said Friday Sanville was the right choice.

Source: Daily Press

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Tyco International Increases Quarterly Dividend 33% to 20 Cents per Share

Tyco International Ltd. announced that its Board of Directors approved an increase in the company's quarterly dividend to 20 cents per share for the first quarter of fiscal 2009. The new quarterly dividend represents a 33% increase over the current quarterly dividend of 15 cents and follows a 36% dividend increase announced in September 2007. 

Source: Tyco

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American International Industries Announces Definitive Asset Purchase Agreement With Shumate Industries

American International Industries, Inc. and Shumate Industries, Inc. announced that they have signed the Asset Purchase Agreement, whereby AMIN has agreed to purchase the assets of Shumate Machine Works Corporation, a subsidiary of SHMT, for approximately $6.7 million in cash. The closing of the proposed transaction is scheduled for October 1, 2008, subject to certain closing conditions.

Source: TMC Net

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