www.worldpumps.com WORLD PUMPS February 20076

n e w s b u s i n e s sn e w s b u s i n e s s

International pump sales reach US$38 billion

Sales of industrial pumps will reach an annual level of US$38 billion for the first time in 2011, says McIlvaine’s Pumps: World Markets, report.

According to the report, centrifugal pumps will account for over 70% of the revenues with diaphragm, reciprocating, and rotary pumps making up the rest.

Municipal wastewater will be the largest application

segment followed by municipal drinking water, with refineries as the third largest segment, and power as the fourth.

In the next few years, Asia will increase its lead as the largest regional purchaser in every category except pharmaceutical, McIlvaine said. This includes municipal wastewater and drinking water. In the coal-fired power segment, Asia will outspend

the rest of the continents combined, and China will spend more on pumps for coal-fired power plant applications than all of Europe and Africa combined.

McIlvaine also signalled that one of the largest long-term changes in the market will be the reduction in pump sales for conventional oil and gas and refining applications and the growth of sales in non-traditional applications.

Parker Hannifin president retires after 35 years’ serviceParker Hannifin’s president and COO Nickolas W. Vande Steeg, is to retire as a member of the company’s board of directors after 35 years of service. Current chairman and CEO, Donald E. Washkewicz, will assume the title of president.

The operational responsibility for Parker’s business groups previously held by Vande Steeg are now under the responsibility of two executives, who were recently promoted to the position

of senior vice president, operating officer.

Vande Steeg began his career at Parker as a total quality assurance manager within the company’s seal business in 1971. “Under Nick’s stewardship, the company has grown substantially around the world,” said Washkewicz. “He has reinforced a culture of execution and results at Parker that will serve the company well for many years to come. We wish him the very best in retirement.”

Pentair is to acquire the assets of Jung Pumpen, a German manufacturer of wastewater products for the municipal and residential markets.

Jung has a strong European presence, including sales offices in Austria, France, Hungary, Poland and Slovakia, Pentair says. Its products include water re-use products, submersible wastewater and drainage pumps, wastewater disposal units and tanks.

“Pentair Water expands its reach into the European wastewater market with the addition of Jung,” said Richard Cathcart, Pentair vice chairman. “We view the wastewater market as an attractive growth opportunity - especially in Eastern Europe, where environmental considerations, new regulations and improving infrastructure are accelerating the connection rates of homes to municipal infrastructure.”

Cathcart said that with Jung’s strong distribution, sales and service network, Pentair will be positioned to more effectively serve the European market. The transaction is expected to be completed in early 2007.

Pentair to acquire Jung Pumpen

Grundfos buys shower pump specialistGrundfos is to acquire Watermill Products Ltd, a manufacturer of shower pumps, integral power showers and industry standard flanges based in the south of England.

Watermill, founded in 1982, has an expected 2006 turnover in 2006 of £3.5m and has a predominately British customer base, although it also markets its products in both Southern Ireland and Cyprus.

Its integration with Grundfos will enhance the Grundfos shower pump portfolio and complement company’s existing of pressure boosting pumps, Grundfos says. The new range will be sold in tandem with Grundfos

products and will be known as the Grundfos Watermill Range.

“The acquisition of British Watermill will supplement our product range on the British domestic pump market,” group executive vice president Søren Ø. Sørensen, Grundfos, said. “The market potential of pumps for shower and bathing installations is estimated at £35-40 million and an attractive market for Grundfos. We aim at a turnover of approximately £9 million within a five-year period for this product range.

Grundfos already has both a sales company and a production company in the UK with altogether 500 employees

and an annual turnover of £100 million.

“In a market such as the British, where we are market leaders, we are constantly looking for new market opportunities,” Sørensen added. “Grundfos already supplies more than 1.2 million pumps for heat circulation in British homes, and as such it has been a natural next step for us to supply pumps for shower and bathing installations.”

The present owners of Watermill will continue as daily management for the next two years to ensure the continuity of the business. In two to three years, Watermill will become integrated with Grundfos.

Franklin sells engineered motor products divisionPump motor manufacturer Franklin Electric is to sell engineered motor products division to CapitalWorks, an equity firm based in Ohio, USA.

The division manufactures and sells fractional horsepower electric motors primarily to original equipment manufacturers for specialty applications. Its revenue represents less than 10% of Franklin Electric’s consolidated sales.

“For a variety of reasons the Franklin management and board of directors have determined that continuing to own and operate the engineered motor products division is no longer complementary to our future growth plans,” said R. Scott Trumbull, chairman and CEO. “So while we believe this divestiture is in the best interests of our share owners, we are pleased that we have found a buyer who recognizes the value of the business.”