Sulzer Completes Acquisition Of Grayson Armature
US$42 million agreement increases market share, scope of services
Sulzer, an independent service provider for rotating equipment, has completed an agreement to acquire both Grayson Armature businesses, Grayson Armature Large Motor Division Inc. and Grayson Armature Orange Texas Inc.
Founded in 1980, Grayson Armature offers electro-mechanical repair services (at an in-house machine shop), re-manufacturing, re-design, upgrades, modifications and other additional services. The main facility is located in Pasadena, Texas, U.S.A., and a second facility is located in Orange, Texas, U.S.A.
Winterthur, Switzerland-based Sulzer specializes in pumping solutions, rotating equipment maintenance and services as well as separation, reaction and mixing technology. The company said the closing of this acquisition, valued at US$42 million, makes it one of the largest partners for electromechanical services in the Gulf Coast area.
Grayson Armature will operate under Sulzer’s Rotating Equipment Services division as Sulzer Grayson Inc. Sulzer Grayson’s two existing facilities will integrate into the global network of service centers as the Pasadena Service Center and Orange Service Center. To further realize cost and sales synergies, Sulzer said it will relocate the pumps service center – currently located in La Porte, Texas – to Pasadena.