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Sulzer closes deal for $42 M, acquires local Orange facility

Sulzer employees at work in UK

Sulzer, a leading independent service provider for rotating equipment, announced Monday August 4, the completion of an agreement to acquire both Grayson Armature businesses, Grayson Armature Large Motor Division, Inc. and Grayson Armature Orange Texas, Inc., for a price tag of US$ 42 million. The company closed on the acquisition on August 1, making Sulzer one of the largest independent providers for electromechanical services in the Gulf Coast area.

EIA: U.S., Gulf Coast refineries break new record

Weekly U.S. gross refinery inputs

U.S. refineries have been processing record volumes of oil recently, according to the U.S. Energy Information Administration's Weekly Petroleum Status Report. Refinery inputs hit a record-high 16.8 million barrels per day (bbl/d) in each of the past two weeks, exceeding the previous record from summer 2005. Refineries in the Midwest and Gulf Coast in particular pushed the total U.S.

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