Industry News: January 2020

Here's a quick roundup of recent industry news. Track the industry's movers and shakers, learn about company acquisitions, get the skinny on new products and more.

Applied Felts acquires FerraTex Services
Applied Felts entered into binding agreements to acquire the business and assets of New Jersey-based FerraTex Services. The acquisition includes the complete transfer of all property, equipment, intellectual property and expertise. According to a release from Applied Felts, President Alex Johnson says, “FerraTex Services has built a very successful pre-impregnated CIPP liner business by leveraging their extensive experience in CIPP logistics and installation. Our close collaboration since 2016 has enabled us to witness firsthand FerraTex’s expertise and commitment to operational excellence. While ‘business as usual’ will be our operational guiding principle for FerraTex going forward, we are excited about what the future holds for this partnership, particularly our ability to enhance the offering to customers through the group’s manufacturing, R&D and global experience as the CIPP industry continues to expand.”

HOBAS Pipe USA participates in the Demand Response program
In addition to the certifications in accordance with ISO 9001 and 14001, HOBAS Pipe USA worked with its local energy company to participate in its Demand Response program. DR is a solution that enhances energy reliability and helps electrical customers reduce their electricity usage during times of peak usage or community emergency, reducing electricity demand. HOBAS’ manufacturing plant is able to transition from grid power to generator when they are notified by the grid operator or utility company that: the grid is stressed and approaching a high level; weather events signal potential power outages; and an emergency or catastrophic event requires curtailment.

Signature Equipment joins Vac-Con distributor network
Vac-Con announced that Signature Equipment in Salt Lake City has joined its distribution network. Signature Equipment has been in operation since 1994 when founder Reed Prows opened its doors to serve the Utah market. In 2017, the company relocated to a larger facility to accommodate the growing demand on their workforce. The Vac-Con product line will be the first vacuum truck portfolio that Signature Equipment has carried. Their other product offerings include refuse collectors, utility bodies, snow plows, salt spreaders and more.

Wilo USA acquires pump manufacturer American-Marsh Pumps
Wilo USA, through its newly-established subsidiary, American-Marsh Pumps, acquired the assets of U.S. manufacturer J-Line Pump Co., doing business as American-Marsh Pumps. Headquartered in Collierville, Tennessee, American-Marsh Pumps currently employs 55 people.

Brandstetter joins Grundfos Pumps as new CTO
Markus Brandstetter joined Grundfos Pumps as its new chief technology officer. An experienced technology leader and champion of digitalization, he brings significant experience from senior roles in large industrial companies. He will lead operational strategy development with a special focus on IoT and service-oriented business strategy. In addition to serving as the CEO at Bosch Industrial Boilers, he has held various other leadership positions within international groups like Siemens, Alcatel and Bosch.


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