Mergers & Acquisitions
Hlliburton & Baker Hughes Merge
Halliburton and Baker Hughes have merged in a $34.6 billion stock and cash transaction. The transaction combines two highly complementary suites of products and services into a comprehensive offering to oil and natural gas customers, according to an official announcement. On a pro-forma basis, the combined company had 2013 revenues of $51.8 billion, more than 136,000 employees and operations in more than 80 countries around the world.
Emerson Acquires Paine Electronics Business
Emerson has acquired the Paine Electronics business from Paine Electronics, LLC, which will become part of Emerson Process Management. Paine Electronics is a manufacturer of pressure transducers. With this acquisition, Emerson Process Management plans to extend its offerings in measurement technologies for the oil and gas industry with expanded upstream capabilities in subsea and downhole drilling operations. Paine’s products will join the Rosemount portfolio of measurement technologies. Terms of the acquisition were not disclosed.
T. F. Hudgins Acquires Jamison Products Acquisition
T.F. Hudgins Inc. has acquired Jamison Products www.jamisonproducts.com, a Houston-based provider of engineered pipeline and filtration products used in a wide range of gas and fluid handling applications, including strainers, separators, filter vessels, pig launchers and closures. The addition of Jamison is T.F. Hudgins’ first acquisition and adds complementary engineered products, broadening the company’s customer base.
Sensirion Expands Global Distribution Network with Future Electronics
Sensirion, a manufacturer of sensors and sensor solutions, has announced a global sales agreement with Future Electronics, a distributor of electronic components. As part of the agreement, Future Electronics will sell the Sensirion product portfolio of humidity sensors and sensor solutions for the measurement and control of gas flows.
Rockwell Automation Acquires ESC Services
Rockwell Automation Inc. has purchased the assets of ESC Services Inc., a global hazardous energy control provider of lockout-tagout services and solutions. ESC’s methodology utilizes Quick Response (QR) codes that can be scanned to obtain asset information and streamline compliance with both external regulations and internal safety policies. ESC Services, based in Franklin, Wis., will be integrated into Rockwell Automation’s Control Products & Solutions segment as part of its customer support and maintenance business unit. Terms were not disclosed.
SPX & McJunkin Red Man Enter into Distribution Agreement for M&J Valve
SPX, a supplier of flow technology solutions, has signed an agreement with McJunkin Red Man Corporation to distribute and stock in inventory SPX’s M&J Valve brand products in the United States. McJunkin Red Man is the U.S. subsidiary of MRC Global Inc., the largest global distributor of pipe, valves and fittings to the energy industry. With this agreement, McJunkin Red Man will initially stock the Houston-manufactured M&J Valve API 6D through-conduit slab and expanding gate products in sizes up to 24” and pressures up to class 600.
Automation Service Adds a Series of Electric Actuators to its Product Portfolio
Automation Service, a provider of remanufactured process controls, now offers three series of Rotork® electric actuators which are compatible with its line of remanufactured control valves. The new offering includes the IQ, CVA and CMA ranges of electric actuators.
Rockwell Automation, AT&T Partner on Smart Process Solutions
Rockwell Automation and AT&T have entered into a collaborative partnership with the aim of improving remote asset utilization and connected machine management. The companies announced they plan to deliver cellular solutions that help enable Rockwell Automation customers to securely collect, manage and take action on data from industrial equipment located in plants and remote sites around the globe
BellowsTech Welcomes New Technical Support Engineer
BellowsTech, a U.S. manufacturer of edge welded metal bellows and bellows assemblies, has hired Jeffrey Haas as a Technical Support Engineer. Haas is a recent graduate of Embry-Riddle University, Daytona Beach, Fla., with a Bachelor of Science in Mechanical Engineering. Haas will be responsible for consulting with OEM customers across a wide variety of industries and providing them with custom engineered metal bellows solutions to fit their unique applications and requirements.
Harary Appointed Director of NIST Engineering Lab
Howard Harary has been appointed director of the National Institute of Standards and Technology’s (NIST) Engineering Laboratory, which develops the measurement tools and standards needed to support technology-intensive manufacturing, construction and cyber-physical systems. The Department of Commerce approved Harary’s appointment, effective Nov. 3, 2014. A physicist turned measurement scientist, Harary began at NIST in 1985 as a bench scientist, focusing on challenges in measuring features on gears and other parts with complex shapes. He steadily rose through the NIST ranks, from project leader to group leader, to deputy director of the NIST Manufacturing Engineering Laboratory in 2004. Harary became the Engineering Laboratory’s acting director in 2013.
Drilling Services of America Adds HSE and Technical Personnel
Drilling Services of America (DSA), a thru-tubing specialist, has added Dwayne Doucet as health, safety and environmental (HSE) director and Todd Whitley as senior technical advisor. Doucet will be responsible for the continuous development and implementation of HSE policies and procedures. As senior technical advisor, Whitley’s responsibilities will include proposal preparations, drafting procedures, technical input during spud meetings along with pre-job planning and additional technical support. He will also be involved in DSA’s in-house training program.
Cole Joins Synagro As President And Ceo
Synagro Technologies, an organic materials recycling company, has named Stephen W. Cole as president and CEO. Previously, Cole served as an industrial advisor for EQT Holdings/EQT Partners. Prior to EQT, he was president and CEO of SVM Inc., a $400 million chemicals company with 800 employees. Cole holds a bachelor of science in chemical engineering from Oregon State University and attended Columbia University’s Executive Education Programs in Finance and Marketing.
Brennan Industries Announces Promotions & Internal Changes
Brennan Industries recently promoted three employees and announced three internal position changes. Jennifer Mismas was promoted from office receptionist/administrator to the role of sales support administrator. In her new role, she will be responsible for coordinating sales related and administrative support activities at Brennan’s corporate headquarters in Cleveland, Ohio. Andrew Mead has assumed the role of warehouse manager for Brennan’s corporate warehouse. Brock Jarrell has been promoted from customer service representative to operations manager. In his new role, Jarrell will be responsible for the day-to-day operations and growth of Brennan’s Toronto distribution center. Michael Caliebe has taken on a new role as business development manager in Houston, Texas. Caliebe will be responsible for training and developing new sales representatives in the Houston market. Caliebe has been with Brennan Industries since 2000 and has held several other roles ranging from sales to management. Matthew Stahr has assumed the role of general manager for Brennan’s Cleveland distribution center. He will oversee all aspects of operations from sales to warehouse management. Stahr has been with Brennan since 2007 and has held several other roles, ranging from customer service to field sales and management. Nick Longo has accepted the role of general manager at Brennan’s distribution center located in Dallas, Texas. Longo has been with Brennan Industries for 17 years and has served various roles since he started with the company.
The Petrochemical Standard (TPS)Names Shahrin Ismaiyatim Chief Executive Officer?
The Petrochemical Standard (TPS), a real-time provider of pricing information to the global petrochemical market, has named Shahrin Ismaiyatim as Chief Executive Officer. Former Chief Executive Officer Eric B. Hale will continue as a member of the board of directors and will serve as an advisor to the company. Ismaiyatim, one of the founding partners of TPS, has been Chief Content Officer since January 2014. In this role he collaborated with a team of experienced editorial and commercial staff, and was responsible for the conceptualization, procurement, production and publication of proprietary and third-party pricing and analytical content for TPS. Prior to founding TPS, Ismaiyatim was the Global Editorial Director for Petrochemicals and Soft Commodities at Platts, a division of McGraw-Hill Financials where he managed a team of 35 editorial people responsible for the price assessments and analysis of various petrochemicals, gasoline components and biofuels.
Evoqua Water Technologies Names Ronald C. Keating Chief Executive Officer
Evoqua Water Technologies LLC has named Ronald C. Keating as Chief Executive Officer, and he will be appointed a member of the
Board of Directors effective Dec. 1. He joins the company from Contech Engineered Solutions LLC, where he has been president and CEO. At Evoqua, Keating succeeds Gary Cappeline, Interim CEO and AEA Investors LP Operating Partner. Keating will be located at Evoqua’s headquarters which is being moved from Alpharetta, Ga. to Warrendale, Pa. also effective Dec. 1.
ASCO Numatics Awards 2014 Industrial Automation Engineering Scholarships
ASCO Numatics, a manufacturer of fluid automation, flow control, and pneumatics solutions, announced the recipients of the 2014 ASCO Numatics Industrial Automation Engineering Scholarship. The recipients, Nicholas Aerni of Taylor Mill, Ky., a senior at The University of Kentucky in Lexington, Ky., and Kaitlyn A. Martin of Baytown, Texas, a senior at the Colorado School of Mines in Golden, Colo.; were each awarded a $5,000 scholarship from ASCO Numatics toward their bachelor’s program degrees in electrical/computer engineering and mechanical engineering. ASCO Numatics will further support the winners’ studies with an additional $1,000 grant to the engineering departments at each of their universities.
ITRI Wins R&D 100 Awards for Seventh Consecutive Year
Industrial Technology Research Institute (ITRI) has received two 2014 R&D 100 Awards for the seventh consecutive year:
- HECLOT (Environmental Technology category), a calcium looping technology developed to reduce carbon emissions from fossil power plants, is the first affordable and energy-efficient solution to achieve a CO2 capture rate up-to-90 percent.
- ICTA (Imaging category), the world’s most powerful, cost-efficient and high-performance thermal analyzer, reduces LED testing time by more than 90 percent, improving LED devices’ production yield, performance, packaging and lifespan.
Commercialization of HECLOT and ICTA is currently underway. In the future, HECLOT will be available for licensing to cement manufacturers and fossil-fuel power plants worldwide. The technologies are available for transfer to companies worldwide.