SPX FLOW Inc., a leading provider of process solutions for the nutrition, health and industrial markets, announced today it has signed a definitive agreement to acquire mixing solutions provider 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.
Upon completion of the transaction, which will combine two of the top mixing equipment brands in North America, SPX FLOW will further bolster its position as an innovative provider of essential products and process solutions that help make the world safer, healthier, and more sustainable. This acquisition is in line with the SPX FLOW’s disciplined approach to mergers & acquisitions, which is focused on strategic alignment combined with clear plans for value creation.