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Federated Announces the Acquisition of the Liquid Vortex Flowmeter
Product Line from Asahi/America, Inc
Racine, Wisconsin, USA, March 14, 2007: Racine Federated Inc. (RFI),
President and CEO John E. Erskine and Harry Aiba, CEO and Chairman of the
Board of Asahi/America, Inc. of Malden, MA announce the signing of an
agreement for the acquisition of the Asahi/America vortex flowmeter
product lines by Racine Federated.
Asahi/America, Inc., a manufacturer and distributor of corrosion resistant
thermoplastic fluid flow solutions including valves, actuators, and
industrial, dual containment and high purity piping systems, will no
longer sell, service or support the Universal Vortex Flow Meter and
FloSonex Ultrasonic Flowmeter product lines. Racine Federated of Racine,
WI has taken ownership of Asahi/America's entire flowmeter stock.
"The Asahi/America vortex products will be an excellent complement to
RFI's current product family," said Erskine. "We are excited
about the new market opportunities this creates for Racine Federated's
flow measurement group."
"Asahi/America and RFI have worked together on this project for
several months, and I am pleased to see it come to a positive end
result," stated Aiba. "Racine Federated has agreed to take full
ownership of stock and warranty responsibility for both Vortex Flow Meter
lines," stated Dan Anderson, Asahi/America's Vice President of Sales
and Marketing. "We feel this will allow Asahi/America to dedicate
more resources to our core product lines including thermoplastic valves,
actuators and piping systems."
The addition of this vortex shedding product line enhances RFI's broad
offering of flow measurement equipment and fluid management solutions. It
will be fully integrated into the Racine, WI facility by the third quarter
of 2007, including the construction of a Class1000 certified clean room
for meter production, especially for semiconductor and other industries
with such requirements. In addition to vortex-shedding, RFI's flow meter
group also offers the following technologies: Ultrasonic, Turbine,
Insertion Electromagnetic, Variable Area, and Differential Pressure
Primary Flow Elements.
RFI's flow meter group serves the pulp & paper, chemical &
petroleum processing, water & waste treatment, general industrial,
automotive production, food & beverage, semiconductor capital
equipment, HVAC, energy and fluid power markets.
Racine Federated was founded in 1970 and is a privately held Racine, WI,
USA-based manufacturer of flowmeters and internal concrete vibrators. RFI
products are sold under the following trade names: Blancett®, Dynasonics(TM),
Flo-tech(TM),
Hedland®, Preso®, Racine(TM)
Vortex and Wyco®. For further product and contact information see
individual web site links at: www.racinefed.com.
Note:
This acquisition was the subject of a Worldflow Flash Report on June 25,
2007, that provided analysis and background on both Racine Federated and
Asahi/America.
Flash Reports are part of our Worldflow Monitoring Service. For details on
our Worldflow service, including how to receive Flash Reports, go to www.worldflow.com.