The Flowserve Corporation is an American multinational corporation and one of the largest suppliers of industrial and environmental machinery such as

pump A pump is a device that moves fluids (liquids or gases), or sometimes slurries, by mechanical action, typically converted from electrical energy into hydraulic energy. Pumps can be classified into three major groups according to the method they u ...

valve A valve is a device or natural object that regulates, directs or controls the flow of a fluid (gases, liquids, fluidized solids, or slurries) by opening, closing, or partially obstructing various passageways. Valves are technically fittings ...

end face mechanical seal An end-face mechanical seal, or a mechanical end-face seal, also referred to as a mechanical face seal but usually simply as a mechanical seal, is a type of seal used in rotating equipment, such as pumps, mixers, blowers, and compressors. When ...

s, automation, and services to the

power Power most often refers to: * Power (physics), meaning "rate of doing work" ** Engine power, the power put out by an engine ** Electric power * Power (social and political), the ability to influence people or events ** Abusive power Power may a ...

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

gas Gas is one of the four fundamental states of matter (the others being solid, liquid, and plasma). A pure gas may be made up of individual atoms (e.g. a noble gas like neon), elemental molecules made from one type of atom (e.g. oxygen), or ...

chemical A chemical substance is a form of matter having constant chemical composition and characteristic properties. Some references add that chemical substance cannot be separated into its constituent elements by physical separation methods, i.e., wi ...

and other industries. Headquartered in

Irving, Texas Irving is a city in the U.S. state of Texas. Located in Dallas County, it is also an inner ring suburb of Dallas. The city of Irving is part of the Dallas–Fort Worth metroplex. According to a 2019 estimate from the United States Census Bureau, ...

, a suburb of

Dallas Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...

, Flowserve has over 18,000 employees in more than 55 countries. Flowserve sells products and offers aftermarket services to engineering and construction firms,

original equipment manufacturer An original equipment manufacturer (OEM) is generally perceived as a company that produces non-aftermarket parts and equipment that may be marketed by another manufacturer. It is a common industry term recognized and used by many professional or ...

s, distributors and end users. The Flowserve brand name originated in 1997 with a merger of BW/IP and

Durco International The Duriron Company is an industrial component manufacturer of such products as automatic control valves, valves and actuators, pumps, sealing systems, filtration equipment, pipes and fittings. The company was incorporated in 1912 as the Duriron C ...

. On August 21, 2007, Flowserve Corporation was recognized by ''

CIO magazine ''CIO'' is a magazine related to technology and IT. The magazine was founded in 1987 and is now entirely digital. The name refers to the job title chief information officer. ''CIO'' is part of Boston-based International Data Group's enterprise ...

'' as one of the 2007 CIO 100 Award Honorees.2007 Winner Profile Flowserve Corporation, CIO Magazine, 21 August 2007.
()

History

Flowserve heritage dates back to the 1790 founding of Simpson & Thompson by

Thomas Simpson Thomas Simpson FRS (20 August 1710 – 14 May 1761) was a British mathematician and inventor known for the eponymous Simpson's rule to approximate definite integrals. The attribution, as often in mathematics, can be debated: this rule had been ...

, later to become

Worthington Simpson Pumps Worthington-Simpson was a British pump manufacturer. Many of their pumps were used in municipal waterworks in Great Britain. The company has its roots in a steam engine workshop founded by Thomas Simpson (engineer), Thomas Simpson around 1785. His ...

, one of the companies that became part of BW/IP. The company was created in 1997 with the merger of two fluid motion and control companies: BW/IP and

. Acquisitions include HydroTechnik Olomouc in 2006, Sealing Systems in 2007, Calder AG in 2009 and Valbart Srl in 2010. In October 2011 Flowserve acquired Lawrence Pumps Inc. In March 2013 acquired a manufacturing plant from L&T Valves situated in Maraimalainagar,

Tamil Nadu Tamil Nadu (; , TN) is a States and union territories of India, state in southern India. It is the List of states and union territories of India by area, tenth largest Indian state by area and the List of states and union territories of India ...

. In 2015 Flowserve acquired

SIHI Sihi is a village panchayat, or village counsel, located in the Gurugram district of Haryana state, India. The village is dominated by dalits. Sihi is located away from Chandigarh, the capital of Haryana. The nearest state capital to Sihi is Delh ...

Products

Flowserve comprises over 48 fluid motion and control products. They are in alphabetical order: ACEC Centrifugal, Accord, Aldrich, Anchor Darling, Argus, Atomac, Automax, BW Seals, Byron Jackson, Cameron, Calder, DuraClear, Durametallic, Durco, Edward, Five Star Seals, Flowserve, Gestra, IDP, Interseal, Jeumont-Schneider, Kammer, Limitorque, Logix, McCANNA/MARPAC, NAF, NAVAL, Noble Alloy, Norbro, Nordstrom, PMV, Pac-Seal, Pacific, Pacific Wietz, Pleuger, Polyvalve, Schmidt Armaturen, Scienco, Serck Audco, Sier-Bath Rotary, TKL, United Centrifugal, Valtek, Valtek EMA, Vogt, Western Land Roller, Wilson-Snyder, Worcester Controls, Worthington

Acquisitions

Flowserve has grown through mergers and acquisitions.

Acquisitions under Flowserve Corporation

* 1997 - Merger of BW/IP and

(adoption of brand name Flowserve) * 1997 - Stork Engineered Pumps * 2000 - Ingersoll-Dresser Pumps (IDP) * 2000 - Innovative Valve Technologies Inc. (

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

-based maintenance, repair, and replacement services for industrial valves, piping systems, and process system components) * 2002 - Flow Control division of Invensys (manufacturer of valves, actuators and associated flow control products) * 2004 - Thompsons Kelly & Lewis (Australian supplier of centrifugal pumps) * 2005 - Interseal assets (from Australia-based Ludowici Mineral Processing Equipment Pty Ltd.) * 2006 - HydroTechnik (privately held mechanical seal manufacturer based in

Olomouc Olomouc (, , ; german: Olmütz; pl, Ołomuniec ; la, Olomucium or ''Iuliomontium'') is a city in the Czech Republic. It has about 99,000 inhabitants, and its larger urban zone has a population of about 384,000 inhabitants (2019). Located on th ...

Czech Republic The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The ...

) * 2007 - MF Sealing Systems (British industrial pump and seal repairer) * 2009 - Calder AG (Swiss desalination energy-recovery system provider) * 2010 - Valbart Srl (privately owned Italian valve manufacturer) * 2011 - Lawrence Pumps Inc. (privately held centrifugal pumps manufacturer) * 2013 - Audco India Limited (MMN PLANT) * 2013 - Innomag Sealless Pumps * 2015 - Sihi Group

Industries served

Oil and gas A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and combustion, burned as a fuel. The main fossil fuels are coal, petroleum, oil, and natura ...

: production, refining,

pipeline Pipeline may refer to: Electronics, computers and computing * Pipeline (computing), a chain of data-processing stages or a CPU optimization found on ** Instruction pipelining, a technique for implementing instruction-level parallelism within a s ...

, gas processing *Power generation:

nuclear power Nuclear power is the use of nuclear reactions to produce electricity. Nuclear power can be obtained from nuclear fission, nuclear decay and nuclear fusion reactions. Presently, the vast majority of electricity from nuclear power is produced b ...

, combine cycle, conventional boiler, renewable

water energy Hydropower (from el, ὕδωρ, "water"), also known as water power, is the use of falling or fast-running water to produce electricity or to power machines. This is achieved by converting the gravitational potential or kinetic energy of a w ...

*Chemical processing: acid transfer, caustic and chlor-alkali, pharmaceuticals, polymers, slurry processing, solvents,

volatile organic compounds Volatile organic compounds (VOCs) are organic compounds that have a high vapour pressure at room temperature Colloquially, "room temperature" is a range of air temperatures that most people prefer for indoor settings. It feels comfortable to a ...

, waste processing, auxiliary *Water resources:

water supply Water supply is the provision of water by public utilities, commercial organisations, community endeavors or by individuals, usually via a system of pumps and pipes. Public water supply systems are crucial to properly functioning societies. Thes ...

and distribution,

water treatment Water treatment is any process that improves the Water quality, quality of water to make it appropriate for a specific end-use. The end use may be drinking water, drinking, industrial water supply, irrigation, river flow maintenance, water recrea ...

desalination Desalination is a process that takes away mineral components from saline water. More generally, desalination refers to the removal of salts and minerals from a target substance, as in Soil salinity control, soil desalination, which is an issue f ...

flood control Flood control methods are used to reduce or prevent the detrimental effects of flood waters."Flood Control", MSN Encarta, 2008 (see below: Further reading). Flood relief methods are used to reduce the effects of flood waters or high water level ...

, ground water development and

irrigation Irrigation (also referred to as watering) is the practice of applying controlled amounts of water to land to help grow Crop, crops, Landscape plant, landscape plants, and Lawn, lawns. Irrigation has been a key aspect of agriculture for over 5,00 ...

, wastewater collection and treatment, snowmaking *General industry:

mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic via ...

, primary metals, pulp and paper

Corporate governance

In July 2005, Flowserve announced a change of senior leadership. The

board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

appointed Lewis M. Kling, then

Chief Operating Officer A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the "C-suite". The COO is usually the second-in-command at the firm, especially if t ...

, as the new president,

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

, and member of the board of directors. On May 30, 2007 Kling's employment agreement was extended until February 28, 2010, when he retired. Mark Blinn succeeded Kling as

, having previously served as

Chief Financial Officer The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...

from 2004 until October 1, 2009, when he officially took over as

and vice chairman of the board. Blinn subsequently also retired and was succeeded by R. Scott Rowe as President and Chief Executive Officer in April 2017. As of April 2018, the

comprises: * Ruby R. Chandy * Leif E. Darner * Gayla J. Delly * Roger L. Fix (Chairman) * John R. Friedery * Joseph E. Harlan * Rick J. Mills * David E. Roberts * Sanjay Chowbey * R. Scott Rowe (President and CEO)

Educational services

Flowserve has five training centers, catering for students from around the world, in Irving, Texas;

Kalamazoo Kalamazoo ( ) is a city in the southwest region of the U.S. state of Michigan. It is the county seat of Kalamazoo County. At the 2010 census, Kalamazoo had a population of 74,262. Kalamazoo is the major city of the Kalamazoo-Portage Metropolit ...

Michigan Michigan () is a state in the Great Lakes region of the upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the 10th-largest state by population, the 11th-largest by area, and the ...

;

, Texas,

Baton Rouge Baton Rouge ( ; ) is a city in and the capital of the U.S. state of Louisiana Louisiana , group=pronunciation (French: ''La Louisiane'') is a state in the Deep South and South Central regions of the United States. It is the 20th-sma ...

Louisiana Louisiana , group=pronunciation (French: ''La Louisiane'') is a state in the Deep South and South Central regions of the United States. It is the 20th-smallest by area and the 25th most populous of the 50 U.S. states. Louisiana is borde ...

; and

Desio Desio ( lmo, label= Brianzoeu, Des) is a town and in the Province of Monza and Brianza, Italy. History In 1277 it was the location of the battle between the Visconti and della Torre families for the rule of Milan. On 24 February 1924, Desio rece ...

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...

. The

learning resource center {{refimprove, date=April 2008 A learning resource center (LRC) is a facility within a school, staffed by a specialist, containing several information sources to facilitate education for students and staff. It differs from a regular school library ...

in Irving occupies with classrooms, static labs, and power labs with complete pumping systems. The LRC in Italy is the most recent, opening on April 20, 2010.Flowserve Opens New State-of-the-Art Learning Resource Center in Desio, Italy
/ref>

Environmental efforts

To support the

Hurricane Katrina disaster relief The disaster recovery response to Hurricane Katrina in late 2005 included U.S. federal government agencies such as the Federal Emergency Management Agency (FEMA), the United States Coast Guard (USCG), state and local-level agencies, federal and ...

, Flowserve donated $50,000 and matched up to $50,000 in employee donations to the

Red Cross The International Red Cross and Red Crescent Movement is a Humanitarianism, humanitarian movement with approximately 97 million Volunteering, volunteers, members and staff worldwide. It was founded to protect human life and health, to ensure re ...

.Major companies -- including Home Depot and Ford -- pledge millions to hurricane relief efforts.
/ref>

Restatements

On Feb 3, 2004, Flowserve announced restatement of its financial statements for aggregate estimated pretax adjustments for 2003. The restatement was approximately $11 million. On Oct 26, 2004, Flowserve determined to restate its previously announced financial results for the second quarter of 2004, including certain post-closing adjustments and recently identified out-of-period expenses. The restatement had no impact on net cash balance. On Feb 7, 2005, Flowserve confirmed that it would restate its 2000 through first quarter 2004 financial statements, resulting from an ongoing comprehensive review of the company's accounts. The restatement reduced net income for the periods restated.

References

External links

Official site
{{Authority control Companies listed on the New York Stock Exchange Companies based in Irving, Texas Companies established in 1997 Manufacturing companies of the United States Pump manufacturers