October 3, 2022

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SPX Flow Completes Purchase of UTG Mixing Group

CHARLOTTE, N.C., Jan. 18, 2021 /PRNewswire/ — SPX Movement, Inc. (NYSE: Movement), a primary supplier of process answers for the meals, beverage and industrial markets, introduced these days that it has finished the acquisition of UTG Mixing Group, the maker of Stelzer, Uutechnic, and Jamix mixing solutions for the chemical, foods, metallurgical and fertilizer, environmental technology, water procedure and prescribed drugs marketplaces.

The addition of UTG’s functions, based mostly in Finland and Germany, will add technologies, producing capacity and complex experience to SPX FLOW’s currently robust worldwide portfolio of mixing and blending solutions, together with Lightnin, Plenty and APV.

“UTG’s merchandise, skilled workforce associates and profits channels align properly with the strategy for our mixer enterprise. We are energized about the new progress and synergy possibilities for our mixed businesses,” claimed Marc Michael, Main Govt Officer of SPX Move. “Bringing UTG Mixing Team and its properly-recognised merchandise makes into the SPX Circulation family members strengthens the product sales network of the merged corporation, presenting consumers a higher breadth of remedies for a wider assortment of applications.”

KPMG Oy Ab and Dittmar & Andrenius recommended SPX Circulation on the transaction.

About SPX Movement, Inc.
Centered in Charlotte, North Carolina, SPX Circulation, Inc. (NYSE: Circulation) innovates with prospects to assistance feed and boost the environment by designing, delivering, and servicing significant-price process remedies at the coronary heart of developing and sustaining our numerous communities. The company’s item presenting is concentrated in procedure technologies that complete mixing, blending, fluid dealing with, separation, thermal heat transfer, and other routines that are integral to procedures carried out across a wide selection of sanitary and industrial markets. SPX FLOW had approximately $1.5 billion in 2019 annual revenues and has operations in much more than 30 nations around the world and profits in more than 100 countries. To discover a lot more about SPX Stream, be sure to visit www.spxflow.com.&#13

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