SPX Flow, Inc., a provider of process solutions for the nutrition, health and industrial markets, signs a definitive agreement to acquire Philadelphia Mixing Solutions, Ltd. from Thunder Basin Corporation, an affiliate of Wind River Holdings, L.P. The all-cash transaction valued at $65 million is expected to close during the second quarter of 2021 and will be paid for with cash on hand, according to the company. The transaction will reportedly combine two of North America’s major mixing equipment brands.
Based in Palmyra, Pennsylvania, Philadelphia Mixing Solutions employs approximately 150 people and reportedly generated nearly $50 million in revenue in 2020. The company has more than six decades of industry experience in multi-industry mixing products and service, along with a reputation for innovation, technical support, testing, analysis and field service, which has led to a high-quality revenue base, according to SPX Flow.
For more information, visit: www.spxflow.com
