SPX Corporation on January 30 announced that it has sold the remaining portion of its DeZurik product line to Sartell Valves Inc., a Minnesota-based water and wastewater treatment company. Formerly part of SPX's flow technology segment, this DeZurik product line of industrial valves was previously reported as a discontinued operation at the end of the third quarter 2008.
In an earlier transaction at the end of 2004, SPX sold to Sartell Valves Inc. a separate line of DeZurik valves aimed at the water and wastewater treatment industries.
The terms of the sale were not disclosed.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, N.C., and employs more than 17,000 people worldwide in over 35 countries.