Spirax-Sarco Engineering plc is a British manufacturer of steam management systems and peristaltic pumps and associated fluid path technologies. It is headquartered in Cheltenham, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Charlton House, Spirax-Sarco Engineering's head office in Cheltenham
The Company was founded by Herman Sanders in 1888 and after a Mr Rehders joined the business, established as Sanders, Rehders & Co. ('Sarco') in London importing thermostatic steam traps from Germany.[3] 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.[4] In 1960 a range of self-acting pressure controls are introduced for the first time: then in 1963 it bought Drayton Controls, a control valve and instrumentation business.[5]
The company diversified into pump manufacturing in 1990 when it bought Watson-Marlow.[6] It acquired the Jucker Industrial Division, an Italian controls business, in 1993,[7]Bredel Hose Pumps, a business manufacturing high-pressure hose pumps, in 1996[8] and M&M International, an Italian piston actuated and solenoid valve business in 2001.[9] In September 2005 it acquired Mitech Actuators & Controls and Proportional Control Technology, a pair of South African businesses making process controls.[10] Then later that year it bought EMCO Flow Systems, a metering business.[11]
The company acquired Intervalf, a Turkish operation, for £2.8m in 2009.[12] 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.[13]
In 2011 the Minister for UK Trade & Investment, Lord Green, opened the new Spirax Sarco facility in Saint Petersburg, Russia[14] and in May 2012 the Deputy Prime Minister, Nick Clegg visited Spirax Sarco’s manufacturing facility in Cheltenham, Gloucestershire.[15] In May 2012 there was a shareholder revolt after Spirax-Sarco paid a former Executive Director compensation of £783,660; the company compounded the problem by failing to inform the markets of the shareholder revolt as required by the Listing Rules.[16] Then in November 2012 the company bought Termodinámica, a distributor based in Santiago de Chile[17] and in February 2019 it bought Thermocoax, a US based business involved in the manufacture and supply of mineral insulated cable.[18]
Operationsedit
The company has three main operations:
Steam Specialties: made up of Spirax-Sarco and Gestra, provides engineered solutions for the design, maintenance and provision of efficient industrial and commercial steam systems (from single products through to complete turnkey bespoke packages)[19]
Electric Thermal Solutions (ETS): made up of Chromalox and Thermocoax, is a provider of advanced thermal technologies.[18]
Watson-Marlow Fluid Technology Solutions: peristaltic pumps and associated fluid path technologies for the food, pharmaceutical, chemical and environmental industries[20]
Spirax-Sarco has operating units (operating companies, branches and associates) in 62 countries across the world.[21]
^"At a glance". Spirax-Sarco Engineering. Retrieved 12 February 2024.
^"Top 100 Gloucestershire Companies" (PDF). Westbusiness. July 2008.
^"Stocks and prices". londonstockexchange.com. Retrieved 1 April 2015.
^"Spirax-Sarco Engineering Fundamentals". Financial Betting. Retrieved 1 April 2015.
^"Convergence Investment For Falmouth Pump Manufacturer". Business Cornwall. 26 August 2008. Retrieved 1 April 2015.
^"Spirax buys firms as profits rise". The Independent. 2 April 1993. Archived from the original on 24 May 2022. Retrieved 1 April 2015.
^"A brief history of pumps". World Pumps. Retrieved 1 April 2015.
^. Supply House Times. 10 January 2002. Archived from the original on 4 April 2015. Retrieved 1 April 2015.
^"Local supplier prepares for big move". Mining Weekly. 11 August 2006. Retrieved 1 April 2015.
^"Spirax-Sarco acquires EMCO Flow Systems". Plant Engineering. August 2005. Retrieved 1 April 2015.
^"Spirax Sarco buys Turkish operation". South West News. 8 April 2010. Retrieved 1 April 2015.
^"How to Build a Factory and Distribution Centre in China". rightsite.asia. Retrieved 1 April 2015.
^"UK Minister for Trade and Investment to attend St Petersburg International Economic Forum". fco.gov.uk. Retrieved 1 April 2015.
^"Deputy Prime Minister praises Spirax Sarco's investment in UK manufacturing". Process and Control. 8 May 2012. Retrieved 1 April 2015.
^"Spirax fails to tell markets of investor rebellion". The Telegraph. 24 May 2012. Retrieved 1 April 2015.
^"Spirax Sarco Buys Business/Assets Of Chilean Distributor For £3.3 Mln". RTT News. 7 November 2012. Retrieved 1 April 2015.
^ ab"Spirax-Sarco to acquire Thermocoax in bid to boost US footprint". Shares Magazine. 18 February 2019. Retrieved 12 July 2022.
^"Spirax-Sarco Engineering plc insider David J. Meredith Sells 4,911 Shares". Dakota Financial. 31 March 2015. Retrieved 7 April 2015.
^"Watson-Marlow Fluid Technology Group". Copy book. Retrieved 7 April 2015.
^"Our global presence". Spirax-Sarco Engineering. Retrieved 11 March 2020.
External linksedit
Official site
February 15, 2024
spirax, sarco, engineering, british, manufacturer, steam, management, systems, peristaltic, pumps, associated, fluid, path, technologies, headquartered, cheltenham, england, listed, london, stock, exchange, constituent, ftse, index, plccompany, typepublictrade. Spirax Sarco Engineering plc is a British manufacturer of steam management systems and peristaltic pumps and associated fluid path technologies It is headquartered in Cheltenham England It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index Spirax Sarco Engineering plcCompany typePublicTraded asLSE SPXFTSE 100 componentIndustryManufacturingFounded1888HeadquartersCheltenham England UKKey peopleJamie Pike chair person Nicholas Anderson CEO Revenue 1 610 6 million 2022 1 Operating income 380 2 million 2022 1 Net income 225 0 million 2022 1 Number of employees10 400 2024 2 Websitewww wbr spiraxsarcoengineering wbr com Contents 1 History 2 Operations 3 References 4 External linksHistory edit nbsp Charlton House Spirax Sarco Engineering s head office in CheltenhamThe Company was founded by Herman Sanders in 1888 and after a Mr Rehders joined the business established as Sanders Rehders amp Co Sarco in London importing thermostatic steam traps from Germany 3 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 4 In 1960 a range of self acting pressure controls are introduced for the first time then in 1963 it bought Drayton Controls a control valve and instrumentation business 5 The company diversified into pump manufacturing in 1990 when it bought Watson Marlow 6 It acquired the Jucker Industrial Division an Italian controls business in 1993 7 Bredel Hose Pumps a business manufacturing high pressure hose pumps in 1996 8 and M amp M International an Italian piston actuated and solenoid valve business in 2001 9 In September 2005 it acquired Mitech Actuators amp Controls and Proportional Control Technology a pair of South African businesses making process controls 10 Then later that year it bought EMCO Flow Systems a metering business 11 The company acquired Intervalf a Turkish operation for 2 8m in 2009 12 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 13 In 2011 the Minister for UK Trade amp Investment Lord Green opened the new Spirax Sarco facility in Saint Petersburg Russia 14 and in May 2012 the Deputy Prime Minister Nick Clegg visited Spirax Sarco s manufacturing facility in Cheltenham Gloucestershire 15 In May 2012 there was a shareholder revolt after Spirax Sarco paid a former Executive Director compensation of 783 660 the company compounded the problem by failing to inform the markets of the shareholder revolt as required by the Listing Rules 16 Then in November 2012 the company bought Termodinamica a distributor based in Santiago de Chile 17 and in February 2019 it bought Thermocoax a US based business involved in the manufacture and supply of mineral insulated cable 18 Operations editThe company has three main operations Steam Specialties made up of Spirax Sarco and Gestra provides engineered solutions for the design maintenance and provision of efficient industrial and commercial steam systems from single products through to complete turnkey bespoke packages 19 Electric Thermal Solutions ETS made up of Chromalox and Thermocoax is a provider of advanced thermal technologies 18 Watson Marlow Fluid Technology Solutions peristaltic pumps and associated fluid path technologies for the food pharmaceutical chemical and environmental industries 20 Spirax Sarco has operating units operating companies branches and associates in 62 countries across the world 21 References edit a b c Preliminary Results 2022 PDF Spirax Sarco Engineering Retrieved 9 March 2023 At a glance Spirax Sarco Engineering Retrieved 12 February 2024 Top 100 Gloucestershire Companies PDF Westbusiness July 2008 Stocks and prices londonstockexchange com Retrieved 1 April 2015 Spirax Sarco Engineering Fundamentals Financial Betting Retrieved 1 April 2015 Convergence Investment For Falmouth Pump Manufacturer Business Cornwall 26 August 2008 Retrieved 1 April 2015 Spirax buys firms as profits rise The Independent 2 April 1993 Archived from the original on 24 May 2022 Retrieved 1 April 2015 A brief history of pumps World Pumps Retrieved 1 April 2015 Acquisition of M amp M International by Spirax Sarco Supply House Times 10 January 2002 Archived from the original on 4 April 2015 Retrieved 1 April 2015 Local supplier prepares for big move Mining Weekly 11 August 2006 Retrieved 1 April 2015 Spirax Sarco acquires EMCO Flow Systems Plant Engineering August 2005 Retrieved 1 April 2015 Spirax Sarco buys Turkish operation South West News 8 April 2010 Retrieved 1 April 2015 How to Build a Factory and Distribution Centre in China rightsite asia Retrieved 1 April 2015 UK Minister for Trade and Investment to attend St Petersburg International Economic Forum fco gov uk Retrieved 1 April 2015 Deputy Prime Minister praises Spirax Sarco s investment in UK manufacturing Process and Control 8 May 2012 Retrieved 1 April 2015 Spirax fails to tell markets of investor rebellion The Telegraph 24 May 2012 Retrieved 1 April 2015 Spirax Sarco Buys Business Assets Of Chilean Distributor For 3 3 Mln RTT News 7 November 2012 Retrieved 1 April 2015 a b Spirax Sarco to acquire Thermocoax in bid to boost US footprint Shares Magazine 18 February 2019 Retrieved 12 July 2022 Spirax Sarco Engineering plc insider David J Meredith Sells 4 911 Shares Dakota Financial 31 March 2015 Retrieved 7 April 2015 Watson Marlow Fluid Technology Group Copy book Retrieved 7 April 2015 Our global presence Spirax Sarco Engineering Retrieved 11 March 2020 External links editOfficial site Retrieved from https en wikipedia org w index php title Spirax Sarco Engineering amp oldid 1206387804, wikipedia, wiki, book, books, library,
