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Marley completed the acquisition of Patterson-Kelley from Harsco for $60m.

Synopsis

Marley, a subsidiary of SPX, a supplier of highly engineered products and technologies, completed the acquisition of Patterson-Kelley, a manufacturer and distributor of commercial boilers and water heaters, from Harsco, a provider of environmental solutions for industrial waste streams and innovative technologies for the rail and energy sectors, for $60m. “We are excited to welcome the Patterson-Kelley team to SPX. Patterson-Kelley is an excellent fit with SPX’s HVAC Heating platform that strengthens and accelerates our strategy in high-efficiency commercial boilers, and further enhances our product development capabilities," Gene Lowe, SPX Corporation’s President and CEO.

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