Sulzer Chemtech acquires selected assets of Koch-Glitsch mixer business
On March 31, 2003, Sulzer Chemtech acquired selected assets of the mixer business of Koch-Glitsch with locations in Wichita (Kansas, USA) and Winterthur (Switzerland). In 2002, this business had sales of USD 9.6 million.
The mixer business of Koch-Glitsch provides static mixers to the oil and gas, petrochemical, chemical and power markets. Its main geographic focus has been in the North American market. Sulzer Chemtech has had a long relationship with this company due to a previous static-mixer license agreement with Koch-Glitsch. Therefore, the assets and capabilities of this mixer activity will be directly integrated into the Sulzer Chemtech US operations in Tulsa (Oklahoma, USA) and Sulzer Chemtech Winterthur (Switzerland). All 12 key employees will relocate from Wichita to Chemtech’s operations in Tulsa. The parties have agreed not to disclose price details.
Urs Fankhauser, president of the Sulzer Chemtech division: “This acquisition improves Sulzer Chemtech’s position in the US mixer market and strengthens the existing product portfolio. Sulzer Chemtech is very excited about this transaction.”
Sulzer Chemtech (www.sulzerchemtech.com) is a global market leader in the field of chemical process engineering. The company is present in all main industrialized countries and repeatedly sets new standards in mass transfer technology with high-efficiency cost-effective solutions. Apart from component development and production, the offering includes engineering and other related services. Sulzer Chemtech serves customers in the oil and gas, petrochemical, chemical and plastics industries. Sulzer Chemtech employs approximately 1300 professionals worldwide. Net sales in 2002 totaled CHF 290 million.
The Sulzer Corporation (www.sulzer.com) is comprised of the four core divisions Sulzer Metco (surface coating solutions and services), Sulzer Turbomachinery Services (service and repair of thermal turbomachinery), Sulzer Pumps (pumping solutions and services), Sulzer Chemtech (chemical process components and services), and the venture division Sulzer Hexis (fuel cell systems for residential applications). Sales in 2002 totaled CHF 1946 million. Sulzer currently employs more than 9000 professionals worldwide.