Milton Roy Co., a Hamilton Sundstrand unit, has acquired the assets of Pressure Products Industries, Inc. (PPI), a manufacturer of diaphragm compressors for industrial markets. Financial terms were not disclosed. Hamilton Sundstrand is a subsidiary of United Technologies Corp. (NYSE: UTX).
Based in Warminster, Penn., the PPI business employs about 80 people. It will be operated as part of Milton Roy Co., a leading manufacturer of metering pumps and specialty high pressure pumps, valves and gas boosters for a wide range of industrial applications. Milton Roy Co. also has customer support facilities across the globe.
"Acquiring the business of PPI adds another leading, global product line in the high pressure compressor markets to Hamilton Sundstrand's portfolio of specialty industrial pump and compressor businesses. It also enhances our presence in the specialty gas, chemical and petrochemical process industries," said Stephen Oswald, Hamilton Sundstrand Industrial division president. "The PPI business will add larger scale gas compression technology that complements Milton Roy's metering pump and gas booster business, which will benefit our customers."
"We welcome PPI employees to the Milton Roy team and look forward to expanding upon the company’s excellent reputation and performance," said Jean-Claude Pharamond, Milton Roy president.
In addition to Milton Roy Co., the Hamilton Sundstrand Industrial division includes Sullair Corp., a leader in portable and industrial air compressors, and Sundyne Corp., a leading engineered pump and compressor manufacturer.
With 2008 revenues of $6.2 billion, Hamilton Sundstrand employs approximately 18,000 people worldwide and is headquartered in Windsor Locks, Conn. Among the world’s largest suppliers of technologically advanced aerospace and industrial products, the company designs, manufactures and services aerospace systems and provides integrated system solutions for commercial, regional, corporate and military aircraft. It also is a major supplier for international space programs.
United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries.