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Ingersoll-Dresser alliance with Kodak


Publisher
Elsevier Science
Year
1997
Tongue
English
Weight
138 KB
Volume
1997
Category
Article
ISSN
0262-1762

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โœฆ Synopsis


FINANCIAL

for well in advance by the founder of the company, Karl Schlecht, and was accompanied by re-structuring within the company.

Mr Schlecht sees this as a better guarantee in the long term for the continuity of the company --independent of his person. At the same time the conversion into a PLC facilitates the transition of the Putzmeister Group to a management structure that works independently of the founder family. On the foundation of the PLC the previous executive management was appointed to the Board of Directors.


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## Industrial valve maker Flowserve Corp is to buy Ingersoll-Dresser Pumps from Ingersoll-Rand Co for US$775 million in cash to create what it described as the world's second-largest pump company. "From a service perspective, not only is Flowserve acquiring some of the best brands in the industry