Acquisition expands offerings in biopharmaceutical sector
ITT Industries, Inc. recently announced that is has purchased the business and assets of the BioPharm Manufacturing Division of Martin Peterson Company, Inc., a manufacturer of process systems for the biopharmaceutical industry. Martin Petersen's integrated modular systems, and its other product offerings, complement ITT Industries Pure-Flo valves, skids, vessels and process systems.
"This acquisition is consistent with Fluid Technology strategy to enlarge our system solution capability to create greater value for our customers and accelerate our growth in this segment." said Robert Ayers, Senior Vice President ITT Industries and President Fluid Technology.
"Both Pure-Flo and Martin Petersen are number one in their respective U.S. market segments said Al Calabria, President of Engineered Valves, the ITT Industries company that produces Pure-Flo products. "The addition of Martin Petersen will provide significant growth opportunities for ITT Industries in the growing biopharmaceutical market segment."
Martin Petersen is know for its innovative designs, reliability, high quality engineered products and their commitment to excellence. The company manufactures integrated modular systems, process skids, vessels and provides custom fabrications to solve customer problems. With the completion of the transaction, the company will operate under the name Pure-Flo MPC.More Info - www.itt.com