Chemical/Petrochemcial News

Flowrox, a Finnish manufacturer of industrial valves and pumps, has announced the acquisition of Polar-Automaatio, which specialises in the design, delivery and maintenance of industrial automation systems. “Polar-Automaatio has a long and reputable history in the sectors that Flowrox operates in,” said Flowrox CEO and president Jukka Koskela. “Polar-Automaatio has been particularly…
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CIRCOR’s board of directors has unanimously rejected the revised unsolicited tender offer from Crane, after ‘careful consideration and with the advice of its independent financial and legal advisors’. In a statement released on 11 July, CIRCOR said it had rejected to offer on the grounds that it ‘substantially undervalues the company and is low-value, highly conditional and…
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