Product category:
Visual Flow Indicators and Switches
News Release from: Emerson Process Management
Edited by the Processingtalk Editorial
Team on 04 January 2008
American Industrial Partners buy Brooks
Instrument
Emerson has announced the sale of the Brooks Instrument unit on 31December 2007 to American Industrial Partners Capital Fund IV, for approximately USD100 million in cash
AIP is a private equity investment firm that applies an operational approach to building and improving middle-market companies Brooks, headquartered in Hatfield, Pennsylvania, provides flow measurement and control devices to the low flow application market, and principally serves the chemical and semiconductor industries
This article was originally published on Processingtalk on 30 Dec 2002 at 8.00am (UK)
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Rivers fields processing facilities.
Emerson Process Management has been selected by Costain Oil, Gas and Process as a major instrumentation and controls supplier for the Rivers fields onshore processing facilities at Barrow in Cumbria.
Its sales in fiscal 2007 were approximately USD90 million.
"Brooks Instrument has performed well for Emerson," said David N Farr, chairman, CEO and president: "However, we believe the Brooks alignment within the AIP business provides the right synergy going forward for both companies".
The sale of Brooks demonstrates the Emerson on-going strategy to manage its business mix toward high-growth, high-return businesses that are strategic to its entire portfolio.
Over the past 18 months, Emerson sold several small businesses which included its Western Forge hand tool unit and Buehler materials testing business, and in recent weeks sold its joint venture interest in Industrial Motion Control (IMC).
Emerson also made a number of strategic acquisitions in the past year.
Most recently, Emerson in September agreed to acquire the Motorola Embedded Communications Computing (ECC) business for USD350 million.
That transaction also closed on 31 December. Request free introductory details about products from Emerson Process Management ...
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