Acquisition will combine two North American mixing solutions providers, expanding sales network and offering broader capability and expertise for operators
SPX Flow has signed a definite agreement to acquire mixing solutions provider Philadelphia Mixing Solutions from Thunder Basin Corporation, an affiliate of Wind River Holdings. The transaction valued at US$65 million is expected to close during Q2 2021.
Upon completion of the transaction, which will combine two of the mixing equipment brands in North America, SPX Flow will further bolster its position as a provider of essential products and process solutions. This acquisition is in line with the SPX Flow’s disciplined approach to mergers and acquisitions, which is focused on strategic alignment combined with plans for value creation.
Philadelphia Mixing Solutions has more than six decades of industry experience in multi-industry mixing products and service, along with a reputation for innovation, technical support, testing, analysis and field service.
Marc Michael, president and CEO of SPX Flow, commented: “The combination of these two mixer businesses will create new opportunities for synergy and growth, while also broadening our portfolio of comprehensive mixing solutions for customers in the chemical, water and wastewater, petrochemical, pharmaceutical, and nutrition and health markets.”