NR2059

NEWS RELEASE                                                                                                    FEBRUARY 2015

Lots of Mergers in the Gas and Liquids Flow, Control and Treatment Market

In the last year there have been hundreds of acquisitions in the $400 billion market which treats and controls air, gas, water and other liquids.  These transactions and the strategy behind them are reported in Air/Gas/Water/Fluid Treatment and Control: World Market, published by the McIlvaine Company.

The largest segment is industrial valves. One of the smaller segments is air filtration. Acquisitions in the last year in these two segments are listed below:

        Recent Air   Filtration   Acquisitions          

Acquiring Company

Acquired Company

Eastman   Chemical

Knowlton

Neenah   Paper

Crane   Technical

Lydall

Andrew

Mann   + Hummel

Vokes

Clarcor

GE   - BHA

Filtration   Group

Porex

SWM

Delstar

PGI

Fiberweb

Recent Valve   Company Acquisitions

IMI

Bopp   & Reuther

Matt   Holding

Dorot

SPX    (divesting)

Flow   Control

Graco

Alco

Graco

High   Pressure Pump

Siemens

Dresser   Rand

Avk

Premier

Dover

Wellmark

Curtiss   Wright

Engelmasa   (Brazilian Valve Division)

Rotork

Xylem   (UK Solenoid Valve Division)

Rotork

Youngtech

Rotork

Attuatori

Rotork

Renfro

Admiral

CPV

Krones

Evoguard

Kitz

Micropneumatics

Klinger

Westad

Samson

Ringo   Valvulas

Emerson

Virgo

Emerson

Enardo

Cooper  

Accuseal

Cameron

Douglas   Chero

 

There are a variety of motivations involved in this market.  One is to expand the technology and product base.  Lydall makes filter media for HVAC but not for dust collection. Andrew makes media for dust collectors. So Lydall has more than doubled the filter media sales potential with the acquisition. Clarcor took a similar course but one step down the supply chain.  They furnish HVAC filters and with the purchase of BHA from GE they now are the leading dust collector bag company.

Another reason is to gain access to geographical market as witnessed by Curtiss Wrights’ Brazilian valve acquisition.

A third reason is vertical integration. An earlier acquisition by Clarcor moves them into the media business for face masks and HVAC.

Another motivation is to streamline companies and to make them more profitable. The SPX decision to separate its flow control from other businesses is a case in point. Xylem is still in a repositioning mode several years after it was separated from ITT.

For more information on Air/Gas/Water/Fluid Treatment and Control: World Market, click on:http://home.mcilvainecompany.com/index.php/markets/27-water/445-n064-air-gas-water-fluid-treatment