With the sale of Flowrox’s valve and pump businesses to Neles Corp, the Finnish company’s dewatering, industrial automation and environmental technologies, including filtration, will continue under the Roxia name and brand.
Neles’ acquisition includes customer agreements and the Flowrox trademark.
Roxia is a family-owned global company headquartered in Finland, with subsidiaries in Australia, Chile, China, Finland, Germany, Peru, Russia, South Africa, Sweden, and the United States.
“In recent years, our operations have expanded in many areas through product development and acquisitions. It was time to focus. This business transaction enables us to advance the remaining businesses to the next level,” said Jukka Koskela, president and CEO of Roxia.