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Stock Market & Financial Investment News

News Breaks
February 19, 2014
09:14 EDTPMFGPMFG, Inc. awarded over $7M in orders
PMFG, announced that its subsidiary company Peerless Europe has been awarded two contracts from an Italian EPC contractor for equipment to be installed in the Ourhoud field in Algeria. The equipment consists of a production separator for the separation of oil, water and gas, as well as our Skimovex water processing equipment. The project orders have a combined value of over $7M. The products will be installed in an oil refining facility within the next year.
News For PMFG From The Last 14 Days
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March 31, 2015
18:06 EDTPMFGKoch Heat Transfer acquires certain brands from Pearless
Koch Heat Transfer has purchased the Alco, Alco-Twin, and Bos-Hatten brands of heat exchangers from Peerless. PMFG is the parent company of Peerless, and Koch Heat Transfer is a subsidiary of Koch Chemical Technology Group.This acquisition will allow Koch Heat Transfer to expand into additional markets while continuing to leverage a dedicated team of aftermarket specialists to supply service to the current customer base. Financial details are not being disclosed.

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