No coin nor oath required. For personal study only.
ITT DIVESTS RICHTER CHEMIE-TECHNIK ITT Industries Inc has sold Richter Chemie-Technik GmbH to The Riverside Co, a private equity investor (see Pump Industry Analyst, January 2006). "This transaction is consistent with our valuebased strategy of focusing ITT's assets and attention on our core businesses, such as advanced water treatment, water and wastewater solutions, in order to provide greater potential for growth and profitability," said Hank Driesse, president of ITT Industries Fluid Technology. Richter manufactures and markets plastic-lined and metallic magnetic drive and mechanical seal pumps, valves and measuring and control equipment. The company, which was established in 1957 and has been an affiliate of ITT Industries since 1994, employs approximately 220 people and operates manufacturing sites in Germany and China.
๐ SIMILAR VOLUMES
Switzerland's Levitronix, a manufacturer of specialized pump products for the semiconductor and medical markets, has signed a distribution agreement with Mykrolis Corp. Mykrolis, the former microelectronics division of Millipore Corp, will market Levitronix bearingless centrifugal pumps in selected
s sales and marketing director, said the new office presented an opportunity to further extend the company's stake in the prosperous South American economy. "The potential offered by the rapidly expanding South American markets and the general awareness of the benefits associated with peristaltic te