NEWS RELEASE
Ãâ·Ñ³Ô¹Ï Completes Purchase of UTG Mixing Group
CHARLOTTE, N.C.,ÌýJan. 18, 2021 // -- , Inc. (NYSE: FLOW), a leading provider of process solutions for the food, beverage and industrial markets, announced today that it has completed the acquisition of UTG Mixing Group, the maker of ,Ìý,Ìýand  mixing solutions for the chemical, food, metallurgical and fertilizer, environmental technology, water treatment and pharmaceuticals markets.
The addition of UTG's operations, based in FinlandÌý²¹²Ô»åÌýGermany, will add technology, manufacturing capacity and technical expertise to Ãâ·Ñ³Ô¹Ï's already robust global portfolio of  solutions, including ,ÌýÌý²¹²Ô»åÌý.
"UTG's products, skilled team members and sales channels align well with the strategy for our mixer business. We are excited about the new growth and synergy opportunities for our combined organizations," said Marc Michael, Chief Executive Officer of Ãâ·Ñ³Ô¹Ï. "Bringing UTG Mixing Group and its well-known product brands into the Ãâ·Ñ³Ô¹Ï family strengthens the sales network of the combined company, offering customers a greater breadth of solutions for a wider range of applications."
KPMG Oy Ab and Dittmar & Andrenius advised Ãâ·Ñ³Ô¹Ï on the transaction.
Ãâ·Ñ³Ô¹Ï Ãâ·Ñ³Ô¹Ï, Inc.
Based in Charlotte, North Carolina,ÌýÃâ·Ñ³Ô¹Ï, Inc. (NYSE: FLOW) innovates with customers to help feed and enhance the world by designing, delivering, and servicing high-value process solutions at the heart of growing and sustaining our diverse communities. 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 sanitary and industrial markets. Ãâ·Ñ³Ô¹Ï had approximately $1.5 billion in 2019 annual revenues and has operations in more than 30 countries and sales in more than 100 countries. To learn more about Ãâ·Ñ³Ô¹Ï, please visit .
Media Contact
Melissa Buscher
Chief Communications Officer
Melissa.Buscher@Ãâ·Ñ³Ô¹Ï.com
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Investor Contact
Scott Gaffner
VP, Investor Relations and Strategic Insights
Scott.Gaffner@Ãâ·Ñ³Ô¹Ï.com
704-752-4485
SOURCE Ãâ·Ñ³Ô¹Ï, Inc.