August 9, 2013– Columbus, OH – Columbus, OH-based FCX Performance, Inc. ("FCX”) announced today that it has completed the acquisition of Florida Sealing Products (“FSP”).
Mulberry, FL-based FSP is recognized as a leading mechanical seal supplier in the Florida marketplace. The company supports its product offering with a suite of aftermarket parts and service offerings that provide a total lifecycle solution to its customers. This acquisition further expands FCX’s presence in the fast growing Florida market.
"We welcome the employees, customers and vendors of Florida Sealing to the FCX family", said Charles M. Simon, CEO of FCX Performance, Inc. “We are very impressed by the caliber of the FSP staff as well as Jim Murphy, the former owner of FSP who will continue to drive the growth of Florida Sealing going forward under the FCX umbrella.”
Charles Hale, FCX President, noted that “FSP fits perfectly with our strategy of buying quality process flow control distribution and service providers that further expand our service & solution offerings.” “We are excited to have the FSP team join us and become an integral part of our business within the Florida marketplace.” He concluded by adding “that we anticipate closing additional acquisitions in FY 2013 with the support of Harvest Partners, our majority shareholder”.
Based in Columbus, Ohio, FCX is a leading industrial, specialty process flow control distribution company, providing technical, mission-critical products and value-added services to more than 15,000 end users, original equipment manufacturers and engineering and construction firms across the process, energy and high purity industries. Formed in 1999 and with predecessor company histories dating back to 1950, the Company has 24 locations serving 32 states and over 350 employees. FCX has completed 15 strategic acquisitions since inception.