July 22, 2014 3:47 PM ET

Machinery

Company Overview of SPX Corporation

Company Overview

SPX Corporation provides specialized engineered solutions worldwide. It primarily operates in two segments, Flow Technology, and Thermal Equipment and Services. The Flow Technology segment manufactures and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids for original equipment installation, including turnkey and skidded systems, and components, as well as aftermarket components and support services. This segment primarily offers engineered pumps, valves, mixers, plate heat exchangers, and dehydration and filtration technologies for customers in food and beverage, power and energy, and industrial end markets. The Thermal Equipment and Services se...

13320 Ballantyne Corporate Place

Charlotte, NC 28277

United States

Founded in 1911

14,000 Employees

Phone:

704-752-4400

Key Executives for SPX Corporation

Chairman
Age: 58
Total Annual Compensation: $6.3M
Chief Financial Officer and Vice President
Age: 39
Total Annual Compensation: $1.7M
Executive Vice President of Global Business Systems & Services
Age: 56
Total Annual Compensation: $2.3M
President of Global Manufacturing Operations and Segment President of Industrial Products & Services
Age: 56
Total Annual Compensation: $1.7M
Senior Vice President
Age: 61
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

SPX Corporation Key Developments

SPX Corporation Wins Contract from Biocom to Provide Dairy Processing System for Baby Food Plant in Belarus

SPX Corporation announced that it has been awarded a contract worth more than $28 million to help Biocom Ltd. establish the Nesvizh Baby Food Factory in The Republic of Belarus. Biocom expects the new baby food factory to be export-oriented with sufficient capacity to process 500 tons of milk per day. Under the terms of the contract, SPX has agreed to provide Biocom with a turnkey dairy processing system featuring an extensive portfolio of SPX solutions utilizing ultrafiltration and infusion technologies. The system will include an array of highly engineered SPX equipment, including homogenizers, separators, plate and scraped surface heat exchangers, bacteria clarifiers, pumps, valves, membrane technology, extended shelf life technology with microfiltration and ultra high temperature tubular infusion plants.

SPX Corporation Wins a Contract from Graincorp Foods to Expand and Enhance Margarine Processing Plants in Australia

SPX Corporation announced that its Flow Food and Beverage business has been awarded a contract valued at $18 million /AUD 19 million from GrainCorp Foods. Under the terms of the contract, SPX will design and install a new margarine processing system for GrainCorp, utilizing key process equipment and components manufactured by SPX. The GrainCorp project calls for SPX to design and install a new processing facility, which will consist of an emulsion preparation area that feeds into four separate margarine production lines. The automation and control system will be designed and managed by SPX's team in Denmark. All other mechanical and electrical installations will be managed by SPX's local Australian team to ensure that the project complies with local standards.

SPX Corporation Announces Quarterly Dividend, Payable on July 2, 2014

SPX Corporation announced that its board of directors has declared a quarterly dividend of $0.375 per common share payable on July 2, 2014 to shareholders of record on June 16, 2014.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 11, 2014
SPX Precision Components, LLC
Merger/Acquisition
March 3, 2014
Thermal Product Solutions, Inc.
Merger/Acquisition
December 4, 2013
EGS Electrical Group, LLC
 

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