ST. LOUIS (Aug. 18, 2016)–Emerson announced it has signed an agreement to purchase the Valves & Controls business of Pentair for $3.15 billion. The complementary acquisition establishes Emerson's global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio, according to a statement from the company.

TORONTO (Aug. 17, 2016)—Armstrong Fluid Technology has been selected as a winner of the 2016 Frost & Sullivan Best Practices Award that recognizes companies around the world for superior leadership, technological innovation, customer service and strategic product development. Armstrong received special recognition for its “Global Intelligent Fluid-Flow Equipment Product Line Strategy Leadership.”