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IT is relatively easy to provide a match report on the Edinburgh Secondary Schools' League Cup under-15 semi-final between Firrhill and Craigmount High Schools, as it was yet another game where pride and commitment came to the fore.
The final score of 3-0 in favour of Craigmount was the only unfair thing about this semi-final, considering the fact Dresser-Rand Group said Thursday it purchased the Gimpel valve business from Tyco Flow Control.
Financial terms were not disclosed.
The Gimpel valve business produces trip, trip throttle and non-return valves to protect steam turbines and related equipment in industrial and marine applications.
“With Gimpel’s extensive installed base, coupled with Dresser-Rand’s strength and global service network, we see opportunities to service Gimpel’s under-served installed base and further grow our aftermarket business.” said Vincent R. Volpe Jr., president and CEO Dresser-Rand.
“As our power generation focus has shifted more towards supercritical coal and nuclear applications, the Gimpel line was no longer a strategic fit with our business,” said Richard Lundgren, president of Tyco Flow Control, Americas.
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