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Spirax-Sarco Engineering

Spirax-Sarco Engineering plc
Type Public (LSE: SPX)
Industry Manufacturing
Founded 1888
Headquarters Cheltenham, Gloucestershire, UK
Key people Bill Whiteley, Chairman
Nick Anderson, CEO
Revenue £689.4 million (2013)[1]
Operating income £151.6 million (2013)[1]
Net income £102.3 million (2013)[1]
Website www.spiraxsarcoengineering.com

Spirax-Sarco Engineering (LSE: SPX) is a leading British-based manufacturer of boiler and pipeline control valves for steam heating and process plants. It is headquartered in Cheltenham and is a constituent of the FTSE 250 Index.

Contents

  • History 1
  • Operations 2
  • References 3
  • External links 4

History

The Company was founded in 1888 as Sanders, Rehders & Co. ('Sarco') in London importing thermostatic steam traps from Germany.[2] It started to manufacture steam traps in United Kingdom under the Spirax brand name in 1932 and was first listed on the London Stock Exchange in 1959.[3] In 1960 a range of self-acting pressure controls are introduced for the first time.[4] Then in 1963 it bought Drayton Controls, a control valve and instrumentation business.[4]

In 1990 the Company diversified in pump manufacturing in 1990 when it bought Watson-Marlow.[5] It acquired the Jucker Industrial Division, an Italian controls business, in 1993[6] and M&M International, an Italian piston actuated and solenoid valve business in 2001.[7] In September 2005 it acquired Mitech Actuators & Controls and Proportional Control Technology, a pair of South African businesses making process controls.[8] Then later that year it bought EMCO Flow Systems, a metering business.[9]

The company acquired Intervalf for £2.8m in 2009.[10] It completed a new facility in Shanghai, China in June 2010: the plant, designed as Spirax's regional headquarters, combines a factory, warehouse, and offices.[11]

In 2011 the Minister for UK Trade & Investment, Lord Green, opened the new Spirax Sarco facility in St Petersburg, Russia[12] and in May 2012 the Deputy Prime Minister, Nick Clegg visited Spirax Sarco’s manufacturing facility in Cheltenham, Gloucestershire.[13]

Operations

The company has two main operations:

References

  1. ^ a b c Preliminary Results 2013
  2. ^ Top 100 Gloucestershire Companies Westbusiness, July / August 2008
  3. ^ London Stock Exchange: Spirax-Sarco listing history
  4. ^ a b Spirax-Sarco: History
  5. ^ Pumps India: History of Pumps
  6. ^ Spirax-Sarco acquires Jucker SpA Industrial Division from Jucker SpA Reuters, 3 March 1993
  7. ^ Industrial News Supply House Times, 10 January 2002
  8. ^ Local supplier prepares for big move Mining Weekly, 11 August 2006
  9. ^ Spirax-Sarco acquires EMCO Flow Systems Plant Engineering, August 2005
  10. ^ Spirax Sarco Acquires Longstanding Turkish Distribution Partner for £2.8m
  11. ^ How to Build a Factory and Distribution Centre in China
  12. ^ UK Minister for Trade and Investment to attend St Petersburg International Economic Forum
  13. ^ Deputy Prime Minister praises Spirax Sarco’s investment in UK manufacturing

External links

  • Official site
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