Flow control

Valmet Oyj and Neles Corporation have resolved on the completion of the merger conditional on the extra distribution of funds of Neles and entered into a loan agreement concerning such distribution

Retrieved on: 
Tuesday, March 22, 2022
Business Line, AGM, Remuneration, Board, Ownership, Articles of association, Effective date, Flow control, EGM, Board of directors, Loan agreement, ISIN, Mergers and acquisitions, Finnish Trade Register, Association, Article, Book, Annual, Nasdaq Helsinki, EUR, Loan, Animal, Airline, Security (finance), Bank, Management, Neles, Valmet, Director

HELSINKI, March 22, 2022 /PRNewswire/ -- Valmet Oyj's stock exchange release on March 22, 2022 at 7:15 p.m. EET

Key Points: 
  • As announced on March 21, 2022, Valmet and Neles have received all competition approvals for the Merger.
  • The Annual General Meeting of Neles held on March 22, 2022 resolved to authorize Neles' Board of Directors on the aforementioned Extra Distribution.
  • The Boards of Directors of Valmet and Neles have today approved a loan agreement between the companies concerning the part of the Extra Distribution payable to Valmet (the "Loan Agreement").
  • The Loan Agreement constitutes a related party transaction for Neles and Valmet, as Valmet is the largest shareholder of Neles with its approximately 29% share ownership in Neles.

RitterTech Opens New ParkerStore Location in West Chicago, Illinois

Retrieved on: 
Friday, April 30, 2021
Physical sciences, Chemistry, Natural sciences, Tribology, Pneumatics, Lubrication, Filtration, Parker Hannifin, Fluid power, Flow control

b'WEST CHICAGO, Ill., April 30, 2021 /PRNewswire/ -- RitterTech announced today that it is opening a ParkerStore located in West Chicago, Illinois.RitterTech isa division of Motion & Control Enterprises (MCE), a leading industrial distributor of Parker Hannifin motion and control products and systems.\nA soft opening is scheduled for May 3rd with a Grand Opening Celebration scheduled for Thursday, May 13th, 2021 at the new West Chicago ParkerStore located at 1813 E. Fabyan Parkway.

Key Points: 
  • b'WEST CHICAGO, Ill., April 30, 2021 /PRNewswire/ -- RitterTech announced today that it is opening a ParkerStore located in West Chicago, Illinois.RitterTech isa division of Motion & Control Enterprises (MCE), a leading industrial distributor of Parker Hannifin motion and control products and systems.\nA soft opening is scheduled for May 3rd with a Grand Opening Celebration scheduled for Thursday, May 13th, 2021 at the new West Chicago ParkerStore located at 1813 E. Fabyan Parkway.
  • "RitterTech has operated ParkerStores in the Chicago market for more than 25 years.Our vast technical and application experience combined with great assortment and availability of products, sets us apart from our competitors.
  • "\nFounded in 1951, MCE is a leading supplier of technical fluid power, compressed air, flow control and lubrication solutions that solve customer problems across fluid connector, hydraulic, pneumatic, filtration, compressed air, flow control and lubrication technologies.
  • The company services more than 25,000 MRO and OEM customers from 13 distribution centers and 16 retail locations across PA, MI, IN, IL, OH, MN and WI.

KKR to Acquire Flow Control Group from Bertram Capital

Retrieved on: 
Wednesday, February 17, 2021
Other Manufacturing, Insurance, Construction & Property, Finance, Engineering, Professional services, Manufacturing, Building Systems, Other Construction & Property, Kohlberg Kravis Roberts, Automation, Flow control, Finance, Investment, Financial services, Flow Control Group, KKR, Bertram Capital

KKR, a leading global investment firm, today announced it has entered into an agreement to acquire Flow Control Group, a leading distributor of mission-critical flow control and industrial automation products, from Bertram Capital.

Key Points: 
  • KKR, a leading global investment firm, today announced it has entered into an agreement to acquire Flow Control Group, a leading distributor of mission-critical flow control and industrial automation products, from Bertram Capital.
  • Flow Control Group stands out for their proven ability to be a strategic partner and consultative, technical resource for customers critical flow control and industrial automation product needs, said Josh Weisenbeck, KKR Partner who leads KKRs Industrials investment team.
  • Flow Control Group is a leading solutions provider focused on technically oriented products and services for the flow control, fluid handling and process & industrial automation sectors with locations throughout the U.S. and Canada.
  • In addition to supplying strategic growth capital, Bertram Capital leverages proprietary processes and services, Bertram High-5sm and Bertram Labs , to empower its portfolio companies to unlock their full business potential.

Brooks Instrument Offers Scholarship Second Year in a Row

Retrieved on: 
Friday, June 28, 2019
Measuring instruments, Engineering, Articles, Control engineering, Technology, Brooks Instrument, Flow control, Instrumentation, Mass flow controller, Pressure measurement, Fluid mechanics

The scholarship offers $2,000 to a candidate who shows potential for leadership and interest in engineering, particularly as it relates to instrumentation, fluid mechanics and flow or pressure measurement.

Key Points: 
  • The scholarship offers $2,000 to a candidate who shows potential for leadership and interest in engineering, particularly as it relates to instrumentation, fluid mechanics and flow or pressure measurement.
  • In 2018, Brooks Instrument awarded this scholarship to Etienne Jackson, a Fire Protection Engineer studying at the University of Maryland.
  • Since 1946 Brooks Instrument has been a leader in precision fluid measurement and control technology.
  • With manufacturing, sales, and service locations in the Americas, Europe, and Asia, Brooks Instrument has the world's largest installed base of mass flow controllers.