Sulzer buys US electromechanical services group Grayson Armature
Rotating equipment provider Sulzer has completed its agreement to acquire both Grayson Armature in a deal valued at $42 million, the companies said on Monday.
The closing of this acquisition, completed on August 1, makes Sulzer one of the largest partners for electromechanical services in the Gulf Coast area, according to company officials.
Founded in 1980, Grayson Armature offers electro-mechanical repair services (at an in-house machine shop), re-manufacturing, re-design, upgrades, modifications and other additional services. The main facility is located in Pasadena, Texas, and a second facility is located in Orange, Texas.
The decision to purchase Grayson Armature builds on Sulzers commitment to provide cutting-edge maintenance and service solutions designed to improve customers processes and business performance, according to company officials.
As a result of the integration, Sulzer aims to further improve its combined offering to customers, especially of pumps and electromechanical services, and increase its ability to service the whole train of rotating equipment.
Grayson Armature will operate under Sulzers rotating equipment services division as Sulzer Grayson Inc., and will be led by Jim Mugford, Sulzers pump and electromechanical services president for the US.
We are pleased to welcome Grayson Armature to the Sulzer team," said Mugford. "The addition of Grayson closes a large gap in our portfolio and greatly enhances our electromechanical service competences to better serve customers in the Gulf Coast Area."
Sulzer Graysons two existing facilities will integrate into the global network of service centers as the Pasadena Service Center and Orange Service Center. To further realize cost and sales synergies, Sulzer says it will relocate the pumps service center, currently located in La Porte, to Pasadena.
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