NEWS RELEASE
Ãâ·Ñ³Ô¹Ï Completes Acquisition of Philadelphia Mixing Solutions
CHARLOTTE, N.C.,ÌýMay 12, 2021Ìý// --Ìý, Inc. (NYSE: FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, today completed itsÌý$65 millionÌýacquisition of mixing solutions provider Philadelphia Mixing Solutions, Ltd. from Thunder Basin Corporation, an affiliate of Wind River Holdings, L.P.
The addition of Philadelphia Mixing Solutions to the Ãâ·Ñ³Ô¹Ï portfolio further bolsters Ãâ·Ñ³Ô¹Ï's position as a leading global provider of essential products and process solutions that help make the world safer, healthier, and more sustainable. The Philadelphia Mixing Solutions brand will become part of the broader Ãâ·Ñ³Ô¹Ï mixing solutions portfolio, which includes the Lightnin, APV, Plenty, Stelzer and Uutechnic brands.
Based inÌýPalmyra, Pennsylvania, Philadelphia Mixing Solutions employs approximately 150 people and generated nearlyÌý$50 millionÌýin revenue in 2020. The company has more than six decades of experience in multi-industry mixing products and services, along with a reputation for world-class innovation, technical support, testing, analysis and field service.
"With our recent acquisitions of UTG and Philadelphia Mixing Solutions, we continue to execute our strategy of creating new opportunities for synergy and growth and broadening our portfolio of comprehensive mixing solutions for customers in the chemical, water & wastewater, petrochemical, mining, pharmaceutical, and nutrition & health markets," saidÌýMarc Michael, President and CEO of Ãâ·Ñ³Ô¹Ï. "We are excited to welcome the Philadelphia Mixing Solutions' team and their proven track record of customer focus, technical expertise, quality and on-time delivery."
PricewaterhouseCoopers Corporate Finance LLC is serving as Ãâ·Ñ³Ô¹Ï's financial advisor, and Bryan Cave Leighton Paisner LLP as legal counsel.Ìý For Thunder Basin Corporation, Boenning & Scattergood, Inc. is serving as financial advisor and Hogan Lovells is serving as legal advisor.
Ãâ·Ñ³Ô¹ÏÌýÃâ·Ñ³Ô¹Ï, Inc.
Based inÌýCharlotte, N.C., Ãâ·Ñ³Ô¹Ï, Inc. (NYSE: FLOW) improves the world through innovative and sustainable solutions. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer and other activities that are integral to processes performed across a wide variety of nutrition, health and industrial markets. Ãâ·Ñ³Ô¹Ï had approximatelyÌý$1.4 billionÌýin 2020 annual revenues and has operations in more than 30 countries and sales in more than 140 countries. To learn more about Ãâ·Ñ³Ô¹Ï, please visitÌý.
Ãâ·Ñ³Ô¹Ï Philadelphia Mixing Solutions
Philadelphia Mixing Solutions provides innovative products, technical services and field support to customers around the world. Extensive in-house testing and analysis allows customers to visualize expected results, saving time and material costs. Backed by 65 years of industry experience and with a rich tradition of technology, the company's research and development teams use cutting edge testing and process modeling to create unique mixing solutions to meet individual customer requirements. For more information, visitÌý.
Media Contact
Peter Smolowitz
External Communications Manager
peter.smolowitz@Ãâ·Ñ³Ô¹Ï.com
704-341-2915
Investor Contact
Scott Gaffner
VP, Investor Relations and Strategic Insights
investor@Ãâ·Ñ³Ô¹Ï.comÌý
704-752-4485
Ìý
SOURCE Ãâ·Ñ³Ô¹Ï, Inc.