Emerson Acquires Terminal Safety Equipment Specialist

Industrial engineer Emerson (NYSE: EMR  ) announced Friday it acquired oil and gas industry regulator-technology specialist Enardo. Terms were not disclosed. 

Enardo, which manufactures tank and terminal safety equipment, including hatches, vent, pressure and vacuum relief valves, and flame arrestors, will be added to Emerson's process management business.
 
Noting the company's reputation for quality, Emerson Process Management President Steve Sonnenberg said in the press release, "Enardo's expertise in tank vapor controls applications is highly complementary with our industry-leading regulator technologies portfolio, including our Fisher Regulator product line." He added the acquisition will extend Emerson's "expertise and capabilities in the upstream and downstream markets."
 
Emerson Process Management makes pressure regulators, relief valves, and related products for controlling pressure and flow of industrial gas and liquids, natural gas, and propane gas.
 
Enardo had approximately $65 million in sales in 2012 and employs 140 people at its headquarters and operations in Tulsa, Okla.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2673747, ~/Articles/ArticleHandler.aspx, 10/26/2014 1:21:57 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement