SPX Acquires Seital, a Global Supplier of Separator and Clarifier Technologies Used in Food and Beverage Processing
Further Expands SPX Flow Technology Systems Capabilities and Product Offerings
Mar 21, 2012, 08:00 ET
CHARLOTTE, N.C., March 21, 2012 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today announced that its Flow Technology segment has acquired Seital S.r.l, a leading supplier of disk centrifuges (separators and clarifiers) to the global food and beverage, biotechnology, pharmaceutical and chemical industries. The terms of the transaction were not disclosed.
Founded in 1983 and based in Santorso, Italy, Seital has approximately 50 employees and exports its products to more than 80 countries. Seital's disk centrifuges (separators and clarifiers), rotary brush strainers and hydrocyclones, and standardizers are used primarily by customers in the food and beverage industry. Applications include dairy, wine, beverages and essential oils, as well as oils and fats.
"Seital is a very well-respected manufacturer of high quality separators, clarifiers and other components that play a critical role in a wide array of food and beverage processing systems and other flow processes," said Don Canterna, segment president, SPX Flow Technology. "When combined with SPX's global resources and market capabilities, this acquisition creates growth opportunities across our food and beverage systems and product portfolios."
Seital's core technologies cover the clarification of liquids, separation of liquids, concentration, recovery of solids, and extraction of substances.
Based in Charlotte, North Carolina, SPX Corporation (NYSE: SPW) is a global Fortune 500 multi-industry manufacturing leader with more than $5 billion in annual revenue, operations in more than 35 countries and approximately 18,000 employees. The company's highly-specialized, engineered products and technologies serve customers in three primary strategic growth markets: infrastructure, process equipment and diagnostic tools. Many of SPX's innovative solutions are playing a role in helping to meet rising global demand, particularly in emerging markets, for electricity, processed foods and beverages and vehicle services. The company's products include thermal heat transfer equipment for power plants; power transformers for utility companies; process equipment for the food & beverage industry; and diagnostic tools and equipment for the vehicle service industry. This description of SPX does not contemplate the pending sale of the Service Solutions business. For more information, please visit http://www.spx.com.
Certain statements in this press release including any statements relating to future performance of Seital or growth opportunities, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The words "believe," "opportunity," and similar expressions may identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Statements in the press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.
SOURCE SPX Corporation
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