SPX Completes Spin-Off of FLOW Business

September 28, 2015

Source: SPX

CHARLOTTE, N.C. - SPX Corporation (NYSE: SPXC) today announced that it has completed the spin-off of SPX FLOW, Inc. and will begin trading today on the New York Stock Exchange under the symbol "SPXC".

SPX Corporation is led by non-executive Chairman, Patrick O'Leary and President and Chief Executive Officer, Gene Lowe.

"Today marks a significant milestone in the long history of our Company and also the beginning of a new chapter as we work to grow, advance and redefine SPX Corporation," said Mr. O'Leary. "Going forward, we will have greater strategic flexibility and will also have an increased ability to attract an investor base suited to our Company's specific operational and financial characteristics."

Mr. Lowe added, "We are well-positioned with established product brands and leading positions in HVAC, Detection and Measurement and Power markets. We have a strong track record of innovation with the majority of our products designed to meet our customers' need for higher efficiency and productivity. As we move forward, we are focused on driving profitable growth, aligning our cost structure, enhancing our portfolio and executing disciplined capital allocation actions."

Mr. Lowe is joined by an experienced executive team who bring extensive industry knowledge and strong functional and operational skills to SPX Corporation. They include:

Read the full SPX Completes Spin-Off of FLOW Business article.

Global Equity Consulting, LLC is engaged in driving profitable growth and value primarily for small and mid-size businesses and their owners as well as the private equity firms who may have a stake in these businesses.

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