Charlotte, North Carolina-based SPX Flow is now a privately held company and its common stock has ceased trading on the New York Stock Exchange.
SPX Flow’s pump brands include APV, Bolting Systems, Bran+Luebbe, Gerstenberg Schroeder, Hytec, Johnson Pump, Johnson Pump Marine, Pneumatic Products, Power Team and Waukesha Cherry-Burrell.
“With the transaction complete, we’re moving full speed ahead, working closely with the Lone Star team and accelerating the execution of our strategic plans," said Marc Michael, president and CEO of SPX Flow. “We are intensely focused on actions that will deliver the highest quality products for our customers and profitable growth for the company. I would like to thank our team members for their unwavering commitment to serving our customers and shaping our success going forward.”
"SPX Flow has a talented global team, innovative products and substantial runway for growth that make it well positioned to deliver continued success,” said Donald Quintin, president of Lone Star Opportunity Funds. “We look forward to working with Marc and the SPX Flow team in this exciting endeavour.”