ITT Purchases Process Vessel Maker; Reorganizes Fluid Technology Division
ITT Industries signed an agreement to purchase the business and assets of Precision Stainless Inc. of Springfield, Mo. Precision's main product offerings include custom-designed shop-fabricated vessels, field-fabricated tanks and related components, such as manways, tank heads and ferrules. These products are used in both the biopharmaceutical and food-beverage industries. Precision's vessel products complement ITT's Pure-Flo valves and process systems.
The company also announced a reorganization of its fluid technology operations. The new organization, which consists of five key groups, will enhance ITT's ability to serve customers in the water supply, wastewater, biopharmaceutical, process, industrial and building trade sectors in specific regions worldwide.