ITT Spins Off Xylem and ITT Exelis
ITT Corp. established Exelis Inc., the company’s defense and information solutions business, as ITT Exelis and Xylem Inc., its water technology services business, as distinct, publicly traded companies. All three companies will be listed on the New York Stock Exchange. ITT shares will continue to trade under the ticker symbol ITT. Exelis shares will trade under XLS and Xylem shares will trade under XYL. The company also announced a new board of directors. Frank T. MacInnis was named chairman. Other ITT board members include G. Peter D’Aloia, Donald DeFosset Jr., Christina A. Gold, Paul J. Kern, Linda S. Sanford and Markos I. Tambakeras.
Garney Construction Acquires Weaver, Names COO
Garney Holding Co. acquired Weaver General Construction of Englewood, Colo. Weaver specializes in the construction of water and wastewater facilities with an emphasis in construction management-based delivery. Garney, which specializes in the construction of water and wastewater pipelines, treatment facilities, pumping stations, water storage tanks and industrial projects, also named Michael Heitmann president and chief operating officer. He will oversee strategic planning and business development from the company’s Kansas City, Mo., headquarters.
Pall Named a Top Green Company
Pall Corp. was named one of the greenest companies in the United States by Newsweek magazine. The filtration, separation and purification business ranked fifth in the capital goods sector and 69th on the magazine’s U.S. 500 List. The rankings assess the environmental performance of the world’s largest publicly traded companies.
Neptune Corporate Brochure Available
The Neptune Chemical Pump Co. chemical metering pumps, chemical feed systems and chemical injection accessories corporate product brochure can be downloaded in PDF format at www.neptune1.com/pumps/images/genbull.pdf.
Hach Announces BIG Picture Winners
Cranberry Brush Creek Wastewater Treatment Plant, a municipal wastewater facility, and Arkema Inc., producer of industrial chemicals, each were awarded $50,000 in Hach equipment based on their submissions to Hach’s BIG Picture contest.
Schwing Bioset Receives U.S. EPA Approval
The U.S. Environmental Protection Agency approved Schwing Bioset’s process that reduces operating temperatures from 158 degrees F to 131 degrees F as a way to further reduce pathogens. Operating at the lower temperature results in a 20 percent reduction in operating costs. The technology process continuously converts municipal biosolids into a Class A/EQ saleable product in full compliance with 40 CFR Part 503 Rule.
