Valve Magazine - Spring 2008

ZY-TECH BECOMES GLOBAL FLOW TECHNOLOGIES

Zy-Tech Global Industries has changed its company name to Global Flow Technologies (GFT). In conjunction with the name change GFT is launching a series of new product and service offerings that demonstrate the company’s growth from its oil and gas roots to today’s position as a global provider of industrial valve solutions.

In addition to the name change, the DSI and PBV divisions are being separated from the legacy Zy-Tech business as individual operating companies, while a Corporate Engineering and Sourcing Services group has been established to deliver on Global Flow Technologies’ commitment to continue to deliver unmatched reliability and operational performance for its customers.

“We’ve been evolving and growing over the last few years, and it’s time to update our corporate identity,” said Steve Twellman, President and CEO of Global Flow Technologies. “Many of our customers rely on our well-known DSI and PBV brands, and we want them to realize we have greatly expanded our engineering, delivery and support capabilities by acquiring two fine companies — ABZ Valves and Controls, and Quadrant Valve & Actuator — to complement our offerings.”

For more information, visit GFT’s website at www.globalflowtech.com.

TYCO SELLS INFRASTRUCTURE SERVICES TO AECOM

Tyco International Ltd. announced that it has entered into a definitive agreement to sell substantially all of its Infrastructure Services business to AECOM Technology Corporation for approximately $510 million.

Infrastructure Services, which operates under the name Earth Tech, Inc., provides consulting engineering, construction management and operating services for the water, wastewater, environmental, transportation and facilities markets. The business had revenue of $1.3 billion in 2007 and employs 7,000 people around the world.

SPIRAX-SARCO ACQUIRES FLEXICON

Spirax-Sarco Engineering plc has agreed to acquire the entire issued share capital of Flexicon A/S, based in Denmark. The transaction includes full ownership of Flexicon’s distribution company for the U.S., Flexicon America Inc. Completion, which will likely take place by the end of February, is subject to routine closing conditions. The acquisition is expected to provide a benefit to the company’s earnings per share from 2008.

ENPRO OBTAINS SINFLEX SEALING TECHNOLOGIES EnPro Industries has acquired the assets of Sinflex Sealing Technologies, a distributor and manufacturer of industrial sealing products, located in Shanghai, China. The operation will do business as Garlock Sealing Technologies (Shanghai) Co. Ltd. and will be operated by Garlock Sealing Technologies, an EnPro Industries company. Sinflex has been Garlock’s principal distributor in China for more than 10 years and in recent years has expanded its manufacturing operations.