So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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Flowserve to acquire SIHI Group, a leading supplier of complementary vacuum and fluid pumps. Flowserve Announces Agreement to Acquire SIHI Group By: Flowserve DALLAS--(BUSINESS WIRE)--Nov. 14, 2014-- Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it has submitted a binding offer to acquire the equity of SIHI Group B.V., a global provider of engineered vacuum and fluid pumps and related services, from TBG Europe NV for consideration of approximately 298 million ($372.5 million equivalent1). Closing is subject to standard regulatory approvals and other customary conditions. The relevant work councils of SIHI and other employee representative bodies will also be consulted prior to formal agreement. Flowserve anticipates funding the transaction with cash on hand and debt, with closing expected to occur early in first quarter of 2015. SIHI Group, based in the Netherlands, and its subsidiaries
The U.S. oil and gas boom is not just a product of Big Oil, but rather a result of a team of companies and individuals spread across the country, all linked together. Jennifer A. Dlouhy explores just how wide this web of companies is and what impact they are having on the energy renaissance. Long supply chain keeps oil industry pumping By: Jennifer A. Dlouhy WASHINGTON Americas energy renaissance isnt brought to you by Big Oil. Thats the message the American Petroleum Institute sent Tuesday, as it released a report documenting the nearly 30,000 businesses across the nation that supply the oil and gas industry with equipment and services. Erik Milito, APIs upstream director, said the report illustrates the true breadth and scope of the industrys positive impact throughout the country. What were trying to show is more of the teamwork approach that goes to energy, where its not just an operator or a producer that is involved in safe and responsible development, Milito added. Its