SPX Corp. Sells Three Valve Product Lines
Mon, 12/05/2005 - 3:02am
SPX Corp. announced today that it has completed the sale of three non-core valve product lines to Watts Water Technologies. The product lines were part of SPX's Flow Technology segment and together have annual revenues of approximately $57 million.According to Dan Canterna, President of SPX's Flow Technology segment, "The Mueller Steam, Febco and Polyjet product lines are all leading brand names irrigation, fire protection and other niche market. While well positioned in their respective areas, these product lines lacked true synergy with the rest of the SPX Process Equipment platform, specifically in terms of channels and end users. As part of the Watts Water Technologies family of products, these product lines will have access to additional infrastructure and expertise, allowing them to continue to grow."