Acquisitions, Mergers & Partnerships

Stephens Group Acquires Quality Valve

The Stephens Group, LLC announced today that it finalized its acquisition of Quality Valve, Inc. from Pfingsten. Terms of the transaction were not disclosed.

Based in Mobile, Ala., and founded in 1994, Quality Valve is the leading distributor of OEM valve replacement and repair parts and accessories, providing a brand-agnostic “one-stop shop” for customers across a variety of end markets with mission-critical MRO needs.

Eastern Controls, Inc., is a SICK, Inc. Authorized Representative

Eastern Controls, Inc. announced the expansion of their representation of SICK to include Eastern Pennsylvania, New Jersey, Delaware, Maryland and New York. This expands on the existing regions in Western Pennsylvania, West Virginia and Ohio included in the Andrews Industrial Controls acquisition.

Eastern Controls joins SICK’s established group of manufacturer representatives and expands SICK’s ability to offer exceptional process control solutions throughout the northeast. Eastern Controls’ sales engineers and service technicians are trained on a wide range of SICK’s products including ultrasonic flowmeters for gas applications, flares, and gas analyzers for CEMS applications.

Flowserve and Chart Industries Announce Partnership

Flowserve Corporation and Chart Industries announced that the companies have entered into an agreement to support the growth of hydrogen as an alternative, cleaner fuel source.

As part of this agreement, Flowserve will acquire in-process R&D related to Chart’s liquid hydrogen fueling pump and will be Chart’s sole manufacturer and supplier of the pump once commercial production has begun. Chart will use these pumps in its liquid hydrogen fuel station equipment for fuel cell vehicles. This equipment will be incorporated into systems that will be used to fuel hydrogen-powered fuel cell electric trucks, cars, buses, as well as future hydrogen vehicles. Currently, more than 100 liquid hydrogen fueling systems are planned to be put into operation over the next five years in locations including California, Australia and South Korea.

Riggio Valve is Now an Authorized Level II Modification/Service Shop for Velan

Riggio Valve has been named a Level II modification/service provider for Velan valves. This classifies Riggio among the highest qualified service providers for Velan products around the world.

Velan is a leader in the design and production of a wide range of cast and forged steel gate, globe, check, ball, triple offset, highly engineered severe service valves, and steam traps offering superior performance across all major industrial applications. Riggio Valve is fully equipped to support Velan's products and has repair, modification and testing capabilities to cover the complete Velan line.

PETRONAS and Emerson to Collaborate on Digital Transformation

PETRONAS has recently inked a Memorandum of Understanding (MoU) with Emerson to drive digital transformation and decarbonization initiatives.

The two companies are building on their decades-long relationship to develop advanced automation solutions. Over the past few years, Emerson has been collaborating with PETRONAS to identify digitalization and decarbonization opportunities while localizing a services and solutions portfolio.

The agreement will pave the way for PETRONAS and Emerson to collaborate on extracting Highway Addressable Remote Transducer (HART) diagnostic data from field instrument and control systems, developing effective predictive analytics and optimizing wireless instrument performance. These are used in process control applications and in the implementation of cybersecurity improvements to strengthen threat monitoring capabilities, achieve higher security level compliance as well as develop measurement and automation solutions to support sustainability and decarbonization initiatives focusing on carbon capture, utilization and storage (CCUS), hydrogen and ammonia.

New IMI Facility Opens in Saudi Arabia

IMI Saudi Industry LLC, a subsidiary of IMI Critical Engineering, has unveiled a new 5,000 m2 facility in Dammam to supply innovative valve solutions and bolster national manufacturing capabilities in line with Saudi government localization plans for key products.

The new facility was officially opened on 8th November by IMI Critical Engineering’s Divisional Managing Director, Jackie Hu and Middle East, Africa & India’s Regional President, Tarak Chhaya. Officials from IMI’s customer base in Saudi Arabia, spanning integrated oil and gas majors to seawater desalination firms, were also in attendance.

Awards & Recognition

Velan Receives Synergy Awards for Innovation

Velan has received the Synergy Awards for Innovation from the Canadian federal government. This award covers the results Velan has achieved with the laboratory led by Pr. Ludvik Martinu and Pr. Jolanta Sapieha on coating technology and surface engineering at Polytechnique Montréal.

As a result of this collaboration, Velan has gained fundamental knowledge on surface degradation mechanisms and has developed industrialized and commercialized novel coatings to extend equipment life for several applications. (PHOTO)

Setpoint Receives Safety Award

Setpoint received the Gold Safety Award for companywide superior safety performance for a safety score of over 85% in the Highwire Safety Assessment Program. With over 3.3 million consecutive man-hours worked without a lost workday, Setpoint proves safety is a priority.

IMI Critical Engineering Named Top Supplier

IMI Critical Engineering was recognized as one of Bechtel Corporation’s top suppliers at its 2022 Global Supplier Awards event.

Bechtel selected businesses for this award based on overall performance, ability to deliver quality services, and meeting or exceeding expectations in safety, performance, technical expertise, and environmental compliance.

The IMI Critical Engineering Americas team delighted Bechtel Corporation with their responsiveness, technical expertise, project management, and engineering support. IMI Critical Engineering was one of forty-two recipients of this prestigious award out of 5,000 vendors.

People in the news

Emerson Promotes Zornio to CTO

Photo Credit: Emerson

Emerson has appointed Peter Zornio as chief technology officer. Zornio, who previously served as chief technology officer for Emerson’s Automation Solutions business, will lead innovation strategy, overall product roadmap, technology and portfolio direction, central R&D functions and industry standards across Emerson. He also joins Emerson’s Office of the Chief Executive, which helps develop and guide the company’s global business strategies.

In past roles at Emerson, Zornio served on the executive management team of Emerson’s Automation Solutions business and led development for Emerson’s comprehensive automation systems and software portfolio, including the company’s Plantweb digital ecosystem and Industrial Internet of Things solutions and strategies, as well Automation Solution’s marketing team. Prior to joining Emerson in 2006, he held a variety of product and industry marketing, project implementation and technology roles at Honeywell.

Melinda Vonderahe Promoted to VP of Marketing, DeZURIK

Photo Credit: DeZURIK

Since joining DeZURIK nearly three years ago, Vonderahe has consistently led her team and driven improvements in marketing, spare parts and product training, as well as the company’s industrial and municipal business units.