October 25, 2014 12:27 AM 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 Secures Contract to Provide Infant Formula Drying System for Plant in India

SPX Corporation announced that it has been awarded a contract worth more than $10 million from a leading global producer of infant formula to expand its drying plant in India. Under the terms of the contract, SPX will provide an infant formula spray drying system featuring an array of homogenizers, heat exchangers, pumps, valves, atomizers and air filtration equipment from SPX. The plant is expected to produce a variety of dairy-based infant food products. The SPX spray drying system will utilize its Triple-A(R) spray dryer, recommended for agglomerated powders that are easy to disperse and dissolve. Powder manufacturers are facing increasingly rigid quality demands requiring full control over powder structures and functional properties. SPX's Triple-A(R) spray dryers are customizable to ensure consistent end-product quality, while also providing complete control over a plant's production run-time, yield, and operating costs. The core SPX technology and control system will be designed and managed from SPX's global design centre in Denmark. All other mechanical and electrical installations will be managed by SPX's local team in India to help ensure that the project complies with all local standards and is completed on time.

SPX Corporation Presents at Morgan Stanley 2nd Annual Laguna Conference, Sep-16-2014 08:35 AM

SPX Corporation Presents at Morgan Stanley 2nd Annual Laguna Conference, Sep-16-2014 08:35 AM. Venue: Ritz-Carlton, Laguna Niguel Dana Point, California, United States. Speakers: Christopher J. Kearney, Chairman, Chief Executive Officer and President.

SPX Considers Acquisitions

SPX Corporation (NYSE:SPW) will seek acquisitions. On being asked about opportunity to build out through M&A and opportunities in Food and Beverage business, David Wilson, President of SPX said, "It is an area in the future that we think acquisition opportunities are very interesting because it probably has less focus than particularly our Flow Power and Energy space as it relates to the other large flow players globally. It is probably more fragmented and there's more opportunities overtime. So we're not active though we're paying attention to what's going on in the market and at some point in the future we'll come back to the market and we'll talk about being ready to get back into the acquisition game."

Similar Private Companies By Industry

Company Name Region
Glunt Industries, Inc. United States
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Terhorst Manufacturing, Inc. United States
Thermacore, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 28, 2014
Fenn, LLC
Merger/Acquisition
April 11, 2014
SPX Precision Components, LLC
Merger/Acquisition
March 3, 2014
Thermal Product Solutions, Inc.
 

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