SPX FLOW Innovation Centers provide a state-of-the-art, collaborative space for customers to test, develop and perfect their critical manufacturing processes.Developing custom manufacturing equipment requires a wealth of specific industry-based analysis, knowledge and an environment to acutely test product efficiency.SPX FLOW genuine spare parts are the result of over a century’s testing, development and manufacturing refinement.Please reach out for more information on SPX FLOW's products and solutions. The businesses to be sold include SPX Flow… SPX FLOW's remaining revenue profile is comprised of approximately 50% sales into sanitary markets (such as food and beverage, pharmaceuticals, water and personal care) and approximately 50% sales into industrial markets (such as specialty chemical processing, air treatment and mining).The net proceeds from the sale further strengthen the company's financial position. SPX Flow has agreed to sell what remains of its power and energy business to private equity firm Apollo Global Management for $475 million. Power and Energy specialises in mission critical severe duty pumps, valves, filtration products and aftermarket parts and services for energy and power customers. SPX FLOW engineering departments design, develop, test, and manufacture custom industrial equipment to meet customer needs. Capability
The separation process includes the collection of eventually present solids and the de-watering of suspensions or bio-masses. This provides ample flexibility to maintain a conservative balance sheet while prudently investing in the business and opportunistically returning capital to shareholders.In line with management's commitment to prioritize the use of divestiture proceeds on debt reduction and a return to shareholders, the company also announced today its intention to reduce total debt by $300 million, or more than 40%, to approximately $400 million in 2020. Capability
The core to effective UHT treatment is finding the balance between optimal temperature and processing time. The process of separation is often implemented to separate valuable liquids or solids from within a solution.The former SPX FLOW Power & Energy business is now Celeros Flow Technology. Net debt and interest coverage ratios are well below the company's debt covenants and liquidity is more than $1.1 billion (including more than $600 million of cash on hand and a $500 million undrawn, global revolver).
Leveraging over a century of experience, a global network of research and development centers, and a dedicated staff of knowledgeably application engineers, to develop highly specialized pharmaceutical processes.The beverage processing industry is, at its core, deeply variable because of the expansive range of product types. The company will continue to assess market and business conditions in connection with its capital allocation plans.Based in Charlotte, North Carolina, SPX FLOW, Inc. innovates with customers to help feed and enhance the world by designing, delivering, and servicing high value solutions at the heart of growing and sustaining our diverse communities.
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