This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Emerson Acquires Enardo

Emerson (NYSE: EMR) announced today it has acquired Enardo LLC, a leader in safety and environmental control equipment for the oil and gas, petrochemical, wastewater, refining and other industries.

Enardo, with approximately $65 million in sales last year, employs 140 at its headquarters and operations in Tulsa, Oklahoma. It manufactures tank and terminal safety equipment, including hatches, vent, pressure and vacuum relief valves and flame arrestors used in the oil and gas, petrochemical, chemical and other industries. Enardo was previously a division of HMT, a leading provider of above ground storage tank products and services based in The Woodlands, Texas.

“Enardo’s expertise in tank vapor controls applications is highly complementary with our industry-leading regulator technologies portfolio, including our Fisher Regulator product line,” said Steve Sonnenberg, president of Emerson Process Management. “Enardo, which has an excellent reputation for quality and customer satisfaction, extends our expertise and capabilities in the upstream and downstream markets.”

Emerson Process Management, headquartered in McKinney, TX, makes pressure regulators, relief valves, and related products in the United States and around the world. These technologies help control pressure and flow of industrial gas and liquids, natural gas and propane gas.

“Enardo is a market leader with strong brand presence. Together, we look forward to better serving the needs of our storage tank and terminal customers and markets worldwide,” said Randy Page, president of Emerson Process Management’s Regulator Technologies business.

More information about Emerson Process Management and Fisher® Regulators may be found at www.fisherregulators.com. More information about Enardo can be found at http://enardo.com/about/about_enardo.htm.

About Emerson Process Management

Emerson Process Management ( www.emersonprocess.com), an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, mining and metals, food and beverage, life sciences and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include PlantWeb™, Syncade™, DeltaV™, Fisher ®, Micro Motion ®, Rosemount ®, Daniel™, Ovation™, Bettis™ and AMS Suite.

About Emerson

Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2012 were $24.4 billion. For more information, visit www.Emerson.com.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,596.35 -350.33 -1.95%
S&P 500 2,057.64 -43.85 -2.09%
NASDAQ 4,958.4680 -122.0370 -2.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs