RECENT RELEASESFCX Performance, Inc. Acquires Corrosion Fluid Products
COLUMBUS, OHAUGUST 4, 2014
Ohio-based FCX Performance, Inc. (“FCX”), a leading distributor of process flow control products and value-added services, announced today that it has completed the acquisition of Corrosion Fluid Products, Corp. (“CFP”). Based in Farmington Hills, MI, CFP is a regional distributor of pumps, valves, FRP fiberglass and specialty lined pipe, hose & fittings to the process markets from 8 branch distribution centers located across the Midwest.
“We are excited to welcome the dedicated employees, customers and vendors of Corrosion Fluid Products to FCX Performance”, said Charles D. Hale, President of FCX Performance, Inc. “Joe Andronaco and his staff have built a quality organization that is well-recognized by customers and vendors alike. By combining the strengths of FCX and CFP, FCX Performance will be the leading supplier of highly-technical, mission critical flow control products to the Midwestern markets jointly served by both companies.”
The combination of FCX and CFP’s strong vendor relationships; over 400 highly-trained sales, technical support and service & repair professionals; broad flow/fluid control product offering; complete lifecycle service offering; 33 sales & distribution locations and strategically located inventory, make FCX a formidable competitor in the flow control distribution market. Hale further added “that the two companies have very similar cultures that emphasize customer service, vendor relationships and a focus on providing long-term, career growth opportunities for our associates.”
About FCX Performance, Inc.
Based in Columbus, Ohio, FCX is a leading distributor of specialty process flow control products and services. The Company provides technical, mission-critical products and value-added services to more than 20,000 end users, original equipment manufacturers and engineering and construction firms across the process, oil & gas, power, high purity and municipal & commercial markets. FCX is known for its technical & application expertise as well its ability to offer a full range of products & services to its customers. Formed in 1999 and with predecessor company histories dating back to the early 1900s, the Company has grown to 33 locations serving 35 states and over 525 employees. FCX has completed 16 strategic acquisitions since inception, including 4 transactions completed since December 2012. For more information, please visit www.fcxperformance.com.