FCX Performance acquires ISI
Columbus, Ohio-based FCX Performance has completed the acquisition of Instrumentation Services Inc.
Based in Charlotte, N.C., ISI specializes in instrumentation services, predictive maintenance, and process control system services. ISI serves over 500 clients in the Mid-Atlantic and Southeast U.S. ISI is ISO 9001 registered and ISO 17025 accredited.
"We welcome the employees and customers of ISI to the FCX family," said Charles M. Simon, president and CEO of FCX Performance. “We are very impressed by the caliber of the ISI people and are excited to work with the new management to expand instrument services across other FCX markets.” Simon said the ISI name will not be changed.
Charles Hale, FCX chief financial officer, added, “ISI fits perfectly with our strategy of buying quality that further expands our service and solutions offerings. With the support of our majority investor, Sterling Investment Partners, we fully anticipate closing additional acquisitions in FY 2012.”
FCX Performance is a distributor of process flow control products and services that serves MRO and OEM customers in the pulp and paper, chemical, petroleum pharmaceutical, power, steel and other process markets.
INDUSTRIAL SUPPLY MAGAZINE
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