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 the ...

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 fitting ...

s, end face mechanical seals, 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 ...

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 unsaturate ...

, gas,

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., wit ...

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 Bur ...

, 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. 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, 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 Durco International. Acquisitions include HydroTechnik Olomouc in 2006,

Sealing Systems Sealing may refer to: Processes * Seal (emblem), applying a seal to a document for authentication * Sealing wax, a wax material of a seal which, after melting, hardens quickly * Duct sealing, the sealing of leaks in air ducts * Induction sealing ...

in 2007,

Calder AG Calder is a Scottish name and may refer to: People *Calder (surname) *Calder baronets, two baronetcies created for people with the surname Calder * Alexander Calder (1898-1976), the American sculptor known for his mobiles, son of Alexander Stirlin ...

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 Maraimalai Nagar is a satellite town of Chennai, Chengalpattu district, Tamil Nadu, India. It is a municipality town in Chengalpattu district. It lies in the southern part of the Chennai metropolitan area around 50 km from downtown Chenn ...

Tamil Nadu Tamil Nadu (; , TN) is a state in southern India. It is the tenth largest Indian state by area and the sixth largest by population. Its capital and largest city is Chennai. Tamil Nadu is the home of the Tamil people, whose Tamil languag ...

. 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 Durco International (adoption of brand name Flowserve) * 1997 -

Stork Engineered Pumps Storks are large, long-legged, long-necked wading birds with long, stout bills. They belong to the family called Ciconiidae, and make up the order Ciconiiformes . Ciconiiformes previously included a number of other families, such as herons and ...

* 2000 - Ingersoll-Dresser Pumps (IDP) * 2000 - Innovative Valve Technologies Inc. (

Houston Houston (; ) is the List of cities in Texas by population, most populous city in Texas, the Southern United States#Major cities, most populous city in the Southern United States, the List of United States cities by population, fourth-most pop ...

-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. Th ...

) * 2007 -

MF Sealing Systems MF or mf may refer to: Biology * Mossy fiber (disambiguation), in neuroscience * Mycosis fungoides, a type of skin disease * Myelofibrosis, a chronic clonal malignant disease * Microfibril rosettes, the sites of cellulose microfibril synthesis ...

(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 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 Del ...

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 burned as a fuel. The main fossil fuels are coal, oil, and natural gas. Fossil fuels ...

: production, refining, pipeline, 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 ...

, 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. High vapor pressure correlates with a low boiling point, which relates to the number of the sample's molecules in the surrounding air, ...

, 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. T ...

and distribution,

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

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 desalination, which is an issue for agriculture. Salt ...

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 crops, landscape plants, and lawns. Irrigation has been a key aspect of agriculture for over 5,000 years and has been dev ...

, 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 ...

, primary metals,

pulp and paper The pulp and paper industry comprises companies that use wood as raw material and produce pulp, paper, paperboard and other cellulose-based products. Manufacturing process The pulp is fed to a paper machine where it is formed as a paper web a ...

Corporate governance

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

Lewis M. Kling Lewis may refer to: Names * Lewis (given name), including a list of people with the given name * Lewis (surname), including a list of people with the surname Music * Lewis (musician), Canadian singer * "Lewis (Mistreated)", a song by Radiohead ...

, 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 especiall ...

, 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 Mark may refer to: Currency * Bosnia and Herzegovina convertible mark, the currency of Bosnia and Herzegovina * East German mark, the currency of the German Democratic Republic * Estonian mark, the currency of Estonia between 1918 and 1927 * Finn ...

succeeded Kling as

, having previously served as Chief Financial Officer 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 R. or r. may refer to: * ''Reign'', the period of time during which an Emperor, king, queen, etc., is ruler. * '' Rex'', abbreviated as R., the Latin word meaning King * ''Regina'', abbreviated as R., the Latin word meaning Queen * or , abbreviat ...

as President and Chief Executive Officer in April 2017. As of April 2018, the board of directors 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 Irving may refer to: People *Irving (name), including a list of people with the name Fictional characters * Irving, the main character's love interest in Cathy (comic strip) * Lloyd Irving, the main protagonist in the ''Tales of Symphonia'' vide ...

, 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 Metropol ...

Michigan Michigan () is a U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the List of U.S. states and ...

;

, Texas,

Baton Rouge Baton Rouge ( ; ) is a city in and the capital of the U.S. state of Louisiana. Located the eastern bank of the Mississippi River, it is the parish seat of East Baton Rouge Parish, Louisiana's most populous parish—the equivalent of countie ...

Louisiana Louisiana , group=pronunciation (French: ''La Louisiane'') is a U.S. state, state in the Deep South and South Central United States, South Central regions of the United States. It is the List of U.S. states and territories by area, 20th-smal ...

; and Desio,

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 ...

. The learning resource center 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