SPX Flow Inc has completed\u00a0the sale of its Power and Energy segment to funds managed by affiliates of Apollo Global Management Inc.
The sale is part of SPX Flow\u2019s strategy to focus on process solutions for essential sanitary and industrial process markets. Approximately 50% of SPX Flow\u2019s sales are now in sanitary markets such as food and beverage, pharmaceuticals, water and personal care and 50% in industrial markets such as specialty chemical processing, air treatment and mining.
With the sale of the Power and Energy segment, SPX Flow\u2019s brands now include Anhydro, APV, Bolting Systems, Bran+Luebbe, Delair, Deltech, Gerstenberg Schroder, Globe, Hankison, Hytec, Johnson Pump, Johnson Pump Marine, Lightnin, Plenty, Pneumatic Products, Power Team, Seital Separation, SPX Rail Systems, Stone, Tigerholm and Waukesha Cherry-Burrell.
The former SPX Flow Power and Energy business is now a stand-alone company called Celeros Flow Technology. The Celeros Flow Technology portfolio includes the Airpel, ClydeUnion Pumps, Copes-Vulcan, Dollinger, GD Engineering, M&J Valve, Plenty and Vokes brands.
The US$400 million net proceeds from the sale will strengthen SPX Flow\u2019s financial position and increase liquidity to more than US$1.1 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
SPX Flow Inc has completed\u00a0the sale of its Power and Energy segment to funds managed by affiliates of Apollo Global Management Inc.The sale is part of SPX Flow\u2019s strategy to focus on process solutions for essential sanitary and industrial process markets. Approximately 50% of SPX Flow\u2019s sales are now in sanitary markets such as food […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4649","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts\/4649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/comments?post=4649"}],"version-history":[{"count":1,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts\/4649\/revisions"}],"predecessor-version":[{"id":4650,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts\/4649\/revisions\/4650"}],"wp:attachment":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/media?parent=4649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/categories?post=4649"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/tags?post=4649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}