SPX FLOW, Inc. operates in nutrition and health, and precision solutions businesses. The product offering of the company's operations 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 nutrition, health, and precision solution markets. The company has operations in more than 30 countries and sales in more than 140 countries.
The company’s p...
SPX FLOW, Inc. operates in nutrition and health, and precision solutions businesses. The product offering of the company's operations 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 nutrition, health, and precision solution markets. The company has operations in more than 30 countries and sales in more than 140 countries.
The company’s product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including nutrition and health, chemical processing, compressed air and mining. From an end-market perspective, in 2021, approximately 44% of the company’s revenues were from sales into the Nutrition The company’s product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including nutrition and health, chemical processing, compressed air and mining. and Health end markets and approximately 56% were from sales into the Precision Solutions end markets.
Segments
The company operates through two segments, the Nutrition and Health, and the Precision Solutions.
Nutrition and Health
The Nutrition and Health reportable segment operates in a regulated, global industry with customers who demand highly engineered process solutions. Key demand drivers include dairy consumption, emerging market capacity expansion, sustainability and productivity initiatives, customer product innovation and food safety. Key products for the segment include homogenizers, pumps, valves, separators and heat exchangers. The company also designs and assembles process systems that integrate many of these products for its customers. Key brands include APV, Gerstenberg Schroeder, Seital and Waukesha Cherry-Burrell.
Precision Solutions
The Precision Solutions reportable segment primarily serves customers in the chemical, air treatment, mining, pharmaceutical, marine, infrastructure construction, general industrial and water treatment industries. Key demand drivers of this segment are tied to macroeconomic conditions and growth in the respective end markets the company serves. Key products for the segment are air dryers, filtration equipment, mixers, pumps, hydraulic technologies and heat exchangers. Key brands include Airpel, APV, Bolting Systems, Bran+Luebbe, Deltech, Hankison, Jamix, Jemaco, Johnson Pump, LIGHTNIN, Philadelphia Mixing Solutions, POSI LOCK, Power Team, Stelzer, Stone and Uutechnic.
Acquisitions
During the first quarter of 2021, the company completed the acquisition of approximately 98% of Plc Uutechnic Group Oyj (UTG Mixing Group), a former public company and producer of various mixing solutions for the chemical, food, metallurgical and fertilizer, environmental technology, water treatment and pharmaceuticals markets.
During the second quarter of 2021, the company completed the acquisition of Philadelphia Mixing Solutions, Ltd. (Philadelphia Mixing), a manufacturer of in-tank mixing solutions and provider of various technical services and field support.
Intellectual Property
The company owns approximately 125 domestic and 287 foreign patents, including 17 patents that were issued in 2021, covering a variety of its products and manufacturing methods.
Research and Development Costs
The company conducts research and development activities for the purpose of developing and improving new products. The related expenditures are expensed as incurred and totaled $27.4 for the year ended December 31, 2021.
Competition
The company’s principal global competitors include Alfa Laval AB; Enerpac Tool Group Corp.; GEA Group AG; IDEX Corporation; Ingersoll Rand Inc.; Tetra Pak International S.A.; Fristam Pumps; Krones AG; Südmo; Chemineer Inc; EKATO; IDEX Viking Pump; KSB AG; Lewa; and Parker Domnick Hunter.
History
SPX FLOW, Inc. was incorporated in 2015.