IDEX Corporation announced today the acquisition of the intellectual property assets of Phantom Controls. Located in St. Louis, MO, Phantom Controls will operate within the IDEX Fire & Safety/Diversified segment.
The deal combines the water-flow expertise of leading brands Hale Products, Akron Brass and Class 1 Electronics and the operational capabilities and innovative pump operation of Phantom’s system called S.A.M. (Scene Apparatus Manager). The S.A.M. technology improves fire ground safety and reduces operational complexity during mission critical response.
“Our mission is to provide trusted solutions that improve lives,” stated Andy Silvernail, IDEX Chairman and Chief Executive Officer. “This next generation of fire suppression technology builds on our proven control systems and water-flow product portfolio. The acquisition of Phantom Controls is an excellent fit within our fire and safety group creating new opportunities to accelerate our growth strategy.”
Source: Street Insider
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.