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Acquisition enhances mixing technology portfolio for SPX FLOW and UTG customers and expands European operations and sales channels
CHARLOTTE, N.C., Jan. 18, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE: FLOW), a leading provider of process solutions for the food, beverage and industrial markets, announced today that it has completed the acquisition of UTG Mixing Group, the maker of Stelzer, Uutechnic, and Jamix mixing solutions for the chemical, food, metallurgical and fertilizer, environmental technology, water treatment and pharmaceuticals markets.
The addition of UTG's operations, based in Finland and Germany, will add technology, manufacturing capacity and technical expertise to SPX FLOW's already robust global portfolio of mixing and blending solutions, including Lightnin, Plenty and APV.
"UTG's products, skilled team members and sales channels align well with the strategy for our mixer business. We are excited about the new growth and synergy opportunities for our combined organizations," said Marc Michael, Chief Executive Officer of SPX FLOW. "Bringing UTG Mixing Group and its well-known product brands into the SPX FLOW family strengthens the sales network of the combined company, offering customers a greater breadth of solutions for a wider range of applications."
KPMG Oy Ab and Dittmar & Andrenius advised SPX FLOW on the transaction.
About SPX FLOW, Inc.
Based in Charlotte, North Carolina, SPX FLOW, Inc. (NYSE: FLOW) innovates with customers to help feed and enhance the world by designing, delivering, and servicing high-value process solutions at the heart of growing and sustaining our diverse communities. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities that are integral to processes performed across a wide variety of sanitary and industrial markets. SPX FLOW had approximately $1.5 billion in 2019 annual revenues and has operations in more than 30 countries and sales in more than 100 countries. To learn more about SPX FLOW, please visit www.spxflow.com.
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