Printer Friendly

WAHLCO ENVIRONMENTAL FORMS SINGLE BUSINESS UNIT FOR ITS GAS FLOW CONTROL SUBSIDIARIES

 WAHLCO ENVIRONMENTAL FORMS SINGLE BUSINESS UNIT
 FOR ITS GAS FLOW CONTROL SUBSIDIARIES
 IRVINE, Calif., Sept. 15 /PRNewswire/ -- Wahlco Environmental Systems Inc. (NYSE: WAL) today announced that it has consolidated its U.S. and international subsidiaries offering gas flow control products under a single operating division called Wahlco Engineered Products. The announcement was made by Henry N. Huta, president and chief executive officer of Wahlco Environmental.
 "For the first two months of the current |third~ quarter, Wahlco Environmental's total bookings exceeded $20 million," stated Huta. "These bookings included several large diverter orders for Wahlco Engineered Products, and an international flue gas conditioning (FGC) system order for Wahlco Inc. The new operating structure, which already represents over 50 percent of the corporation's total revenues, will help us meet key marketing and financial objectives. We believe that the consolidation will improve our worldwide competitive position, particularly for the Bachmann and Metro-Flex diverter and damper product lines, and for expansion joints," Huta continued. "It also permits us to reduce administrative expenses and enjoy some economies of scale in these operations." Diverters are used primarily in combined cycle power generating facilities; dampers are a key component of flue gas desulfurization (FGD or scrubber) systems.
 The Wahlco Engineered Products Division comprises the North American operations of Bachmann Industries Inc., Bachmann Canada Ltd. and Metro- Flex Inc., and the international operations which include Bachmann Australia Pty. Ltd., Metro-Flex (UK) Ltd., Nuova Metro-Flex Italiana Srl., Pentney Engineering Ltd., Flowrite Dampers Ltd., Teddington Bellows Ltd. and Treste Plant Hire Ltd.
 C. Stephen Beal, who had been managing director of Metro-Flex (UK) Ltd., has been named president and chief executive officer of Wahlco Engineered Products. A. Noel DeWinter has been named vice president, Finance.
 Wahlco Environmental Systems Inc. designs and manufactures air pollution control and power efficiency equipment and provides related services to electric utilities, combined cycle plants, petrochemical refineries and industrial manufacturers worldwide. More than 50 percent of the company's manufacturing capacity and sales are outside the United States. The company serves customers in more than 62 countries. An NYSE company, Wahlco Environmental is 80 percent owned by San Diego Gas & Electric Co. (NYSE: SDO).
 -0- 9/15/92
 /CONTACTS: Doug Sherk/Ken Dennard, 415-296-7883, or David Walke/Miriam Adler, 212-986-5900, all of Morgen-Walke Associates, for Wahlco Environmental Systems/
 (WAL SDO) CO: Wahlco Environmental Systems Inc.; San Diego Gas & Electric Co. ST: California IN: OIL SU:


KF-SC -- SF003 -- 9408 09/15/92 06:30 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 15, 1992
Words:406
Previous Article:OLD FARMER'S ALMANAC BRINGS A BIT OF CHEER & THE WEATHER FORECAST FOR THE COMING YEAR
Next Article:THE MOST UNIQUE HUNTING ADVENTURE IN THE SOUTHWEST AVAILABLE THIS FALL FROM RAPP GUIDE SERVICE
Topics:


Related Articles
WAHLCO ENVIRONMENTAL SYSTEMS ANNOUNCES ACQUISITION OF NOx REDUCTION TECHNOLOGY
WAHLCO ENVIRONMENTAL SYSTEMS RECEIVES $2 MILLION IN FGC SYSTEM CONTRACTS
WAHLCO ENVIRONMENTAL PROVIDES OUTLOOK ON FOURTH QUARTER
WAHLCO ENVIRONMENTAL ANNOUNCES RUSSIAN AGREEMENT; FLUE GAS CONDITIONING SYSTEMS TO BE INSTALLED
WAHLCO ENVIRONMENTAL EXTENDS PRIMARY BANK FACILITY
WAHLCO ENVIRONMENTAL REPORTS FOURTH QUARTER AND YEAR-END RESULTS
WEXFORD CONCLUDES PURCHASE OF WAHLCO ENVIRONMENTAL SYSTEMS INC.; SEVEN NEW DIRECTORS APPOINTED; HENRY N. HUTA NAMED CHAIRMAN OF THE BOARD
Wahlco Environmental Systems Reports First Quarter Earnings
Wahlco Environmental Systems Stock Moves From New York Stock Exchange

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters