Pason Systems Inc . ( PSI ) has increased its non-controlling investment in Intelligent Wellhead Systems Inc . ( IWS ) through the acquisition of outstanding common shares of IWS for an aggregate purchase price of USD 7.9M and an |
agreement to invest up to USD 25M in preferred shares of IWS . “ We remain encouraged and excited about IWS ’ team , technologies , and growth prospects ” said Jon Faber , President and Chief Executive Officer of Pason . |
The Valve Manufacturers Association of America ( VMA ) incoming Chairman of the Board for 2022-2023 is Matt Thiel , president of AUMA Actuators Inc . Andy Duffy , VP of sales for Emerson / ASCO , will serve as the 2022-2023 Vice Chairman of the Board and Treasurer . |
Other members of the Executive Committee include : Nathan Brunell , product line general manager for Baker Hughes ; Kirk Wilson , president of the flow control division at Flowserve ; and Ron Warren , president , and COO of Bray International Inc ., who serves as Immediate Past Chair . |
Swagelok Company has announced the retirement of James C . Boland and the election of Kenneth G . Hochman to its board of directors . Boland was elected as one of the board ’ s first independent directors in 2004 , and oversaw many successful transformational changes to the company ’ s global footprint and operations . Hochman had a 39-year career |
with Jones Day , before retiring in 2011 as the former Cleveland Office Administrative Partner and longtime firmwide Chair of its Wealth Management Practice . Since retiring , he works as a consultant in estate planning and asset management , advising families , family offices , and foundations . He has advised the Lozick Family for almost 25 years . |
Finav has successfully completed the acquisition of 100 % of the shares in Pibiviesse . Finav is the ultimate holding company of GIVA Group , an Italy based leading steel processing industrial conglomerate with relevant experience in valves and actuation business . GIVA Group expects to put in place significant synergies between Pibiviesse and Finav ’ s |
network of complementary industrial plants in order to best support Pibiviesse growth within the near future . |
Korean-based industrial valve manufacturing company , SW Valve is expanding its offerings to companies and businesses in the United States . The company specializes in the |
production of high-quality industrial valves for harsh working conditions . SW Valve manufactures valves for many markets including power plants , cogeneration , |
petrochemical , refining , marine , steel and gas plant , offshore plant , seawater , steam , fire-safer piping system , etc . based on various technical know-how . They |
specialize in the manufacture and sale of high-performance and triple offset butterfly valves , providing tight shutoff and zero stem leakage , for many process applications . |