CHARLOTTE, N.C., April 5, 2022 (PRNewswire) — SPX FLOW, Inc., a leading provider of process solutions for the nutrition, health and industrial markets, announced the successful closing of its acquisition by an affiliate of Lone Star Funds ("Lone Star").
"With the transaction complete, we're moving full speed ahead, working closely with the Lone Star team and accelerating the execution of our strategic plans," said Marc Michael, SPX FLOW President and CEO. He continued, "We are intensely focused on actions that will deliver the highest quality products for our customers and profitable growth for the company. I would like to thank our team members for their unwavering commitment to serving our customers and shaping our success going forward."
"SPX FLOW has a talented global team, innovative products and substantial runway for growth that make it well positioned to deliver continued success," said Donald Quintin, President, Lone Star Opportunity Funds. "We look forward to working with Marc and the SPX FLOW team in this exciting endeavor."
As a result of the completion of the merger, SPX FLOW is now a privately held company and its common stock has ceased trading on the New York Stock Exchange.
About SPX FLOW, Inc.
Based in Charlotte, N.C, SPX FLOW, Inc. improves the world through innovative and sustainable solutions. 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 nutrition, health and industrial markets. SPX FLOW has approximately $1.5 billion in 2021 annual revenues and has operations in more than 30 countries and sales in more than 140 countries. To learn more about SPX FLOW, please visit www.spxflow.com.