SIHI mainly serves the chemical market, as well as the pharmaceutical, food & beverage and other process industries.
“SIHI’s existing installed base and its leading position as a supplier of vacuum and fluid pumps will complement our chemical industry strategy,” said Mark Blinn, president and chief executive officer of Flowserve.
“This acquisition provides Flowserve additional engineering and manufacturing experience and the opportunity to leverage our global platform to deliver on the combined financial synergies. In summary, SIHI is a natural fit for Flowserve and this transaction demonstrates our disciplined, strategic approach to inorganic growth to drive long-term shareholder value,” added Blinn
