{"id":2006,"date":"2025-07-22T18:29:34","date_gmt":"2025-07-22T18:29:34","guid":{"rendered":"https:\/\/live-spx-corp.pantheonsite.io\/?p=2006"},"modified":"2025-08-04T13:02:38","modified_gmt":"2025-08-04T13:02:38","slug":"spx-announces-purchase-of-patterson-kelley-from-harsco-corporation","status":"publish","type":"post","link":"https:\/\/spx.com\/fr\/spx-announces-purchase-of-patterson-kelley-from-harsco-corporation\/","title":{"rendered":"SPX Announces Purchase of Patterson-Kelley from Harsco Corporation"},"content":{"rendered":"

Highly Strategic Addition to HVAC Heating Platform<\/p>\n

Accelerates High-Efficiency Commercial Boiler Strategy<\/p>\n

Enhances New Product Development Capabilities<\/p>\n

CHARLOTTE, N.C.,\u00a0Nov. 13, 2019\u00a0(GLOBE NEWSWIRE) —\u00a0SPX Corporation\u00a0(NYSE:SPXC) announced today that its subsidiary,\u00a0The Marley Company, LLC, has acquired\u00a0Patterson-Kelley from\u00a0Harsco Corporation\u00a0for cash consideration of approximately\u00a0$60 million. Patterson-Kelley is a manufacturer and distributor of commercial boilers and water heaters headquartered in\u00a0East Stroudsburg, PA.\u00a0The results of the purchased business will be reported with SPX\u2019s Heating platform within its HVAC segment.<\/p>\n

Gene Lowe, SPX Corporation\u2019s President and CEO, commented, \u201cWe are excited to welcome the Patterson-Kelley team to SPX. Patterson-Kelley is an excellent fit with SPX\u2019s HVAC Heating platform that strengthens and accelerates our strategy in high-efficiency commercial boilers, and further enhances our product development capabilities.\u00a0 We look forward to the growth opportunities this transaction presents for employees and shareholders alike.\u201d<\/p>\n

Nick Grasberger, Chairman and CEO of\u00a0Harsco Corporation, commented, \u201cThis transaction is a great outcome for Patterson-Kelley as it will become part of a diversified global company that appreciates and values the business and is committed to growing it for the benefit of its customers and employees.\u201d<\/p>\n

Patterson-Kelley is expected to have full-year 2019 revenue of approximately\u00a0$35 million and a similar margin to SPX\u2019s overall HVAC segment average. The acquisition is expected to have a minimal impact on SPX\u2019s 2019 Adjusted EPS, after taking into account the partial fourth quarter of results and costs to finance the acquisition. SPX plans to provide detailed guidance for 2020 on its call to discuss Q4 2019 results in\u00a0mid-February 2020.<\/p>\n

About\u00a0SPX Corporation:<\/strong>\u00a0SPX Corporation is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. Based in\u00a0Charlotte, North Carolina,\u00a0SPX Corporation\u00a0had approximately\u00a0$1.4 billion\u00a0in annual revenue in 2018 and approximately 4,000 employees in 17 countries.\u00a0SPX Corporation\u00a0is listed on the\u00a0New York Stock Exchange\u00a0under the ticker symbol \u201cSPXC.\u201d For more information, please visit\u00a0www.spx.com<\/a>.<\/p>\n

About\u00a0Harsco Corporation:\u00a0<\/strong>Harsco Corporation\u00a0is a global market leader providing environmental solutions for industrial waste streams and innovative technologies for the rail and energy sectors. Based in\u00a0Camp Hill, PA, the 11,000-employee company operates in more than 30 countries. Harsco\u2019s common stock is a component of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional information can be found at\u00a0www.harsco.com<\/a>.<\/p>\n

Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section\u00a021E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please read these forward-looking statements in conjunction with the SPX\u2019s documents filed with the\u00a0Securities and Exchange Commission, including its most recent annual report on Form\u00a010-K. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. In addition to these risks and uncertainties, statements with respect to the acquired business\u2019s full-year revenue and operating margin are subject to risk and uncertainties similar to those affecting SPX\u2019s other operations. Actual results may differ materially from these statements. The words \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cproject\u201d and similar expressions identify forward-looking statements. Although SPX believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of SPX\u2019s future operating results are based on its current complement of businesses, which is subject to change.<\/p>\n

Statements in this press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.<\/p>\n

SOURCE\u00a0SPX Corporation.<\/p>\n

Investor and Media Contacts:<\/strong>
\nMark A. Carano, vice-pr\u00e9sident, directeur financier et tr\u00e9sorier
\nPhone:\u00a0 980-474-3806
\nE-mail:\u00a0spx.investor@spx.com<\/a><\/p>\n

Pat Uotila, Manager, Investor Relations
\nPhone:\u00a0 980-474-3806
\nE-mail:\u00a0spx.investor@spx.com<\/a><\/p>\n

\"SPX_LOGO_Horizontal_RGB<\/a><\/p>\n

Source: SPX Corporation<\/p>","protected":false},"excerpt":{"rendered":"

Highly Strategic Addition to HVAC Heating Platform Accelerates High-Efficiency Commercial Boiler Strategy Enhances New Product Development Capabilities CHARLOTTE, N.C.,\u00a0Nov. 13, 2019\u00a0(GLOBE NEWSWIRE) —\u00a0SPX Corporation\u00a0(NYSE:SPXC) announced today that its subsidiary,\u00a0The Marley Company, LLC, has acquired\u00a0Patterson-Kelley from\u00a0Harsco Corporation\u00a0for cash consideration of approximately\u00a0$60 million. Patterson-Kelley is a manufacturer and distributor of commercial boilers and water heaters headquartered in\u00a0East […]<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[26],"tags":[],"dipi_cpt_category":[],"class_list":["post-2006","post","type-post","status-publish","format-standard","hentry","category-general"],"acf":[],"yoast_head":"\nSPX Announces Purchase of Patterson-Kelley from Harsco Corporation - SPX Technologies in Charlotte, NC<\/title>\n<meta name=\"description\" content=\"SPX acquires Coorsco Corporation, enhancing its industrial ceramics capabilities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spx.com\/fr\/spx-announces-purchase-of-patterson-kelley-from-harsco-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPX Announces Purchase of Patterson-Kelley from Harsco Corporation - 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