1.
Companies team for technologies
CHARLOTTE, N.C., Dec. 31 (UPI) -- SPX of Charlotte, N.C., said Friday it has sold its municipal water and municipal wastewater valve business to Granite Equity Partners of St. Cloud, Minn.
SPX said it sold the units to Granite for $29.75 million.
The water valve and related business has annual estimated revenues of $60 million.
Don Canterna, president of SPX Process Equipment said: "Completing the sale of this business allows us to reallocate our resources to the growth opportunities in our key served markets. This is a good business; however our growth strategy for our valve business is focused on those global markets."
SPX is a global provider of technical products and systems.
|
|
|
|
|
|
| Additional Business News Stories | |
ASUNCION, Paraguay, May 22 (UPI) --
Land-locked Paraguay is hoping the latest investor seeking oil in its promising western region will have better results than previous prospectors.
|
WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
|
Like housing markets overall, the market for luxury homes is growing tighter as the spring buying progresses. Though still a buyer's market, the ILHM Luxury Housing Report for last week shows a pattern of rising prices and fewer days on market since...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
