Emerson Electric Co. (St. Louis) signed an agreement to purchase the valves and controls business of Pentair plc. (Minneapolis) for $3.15 billion. The acquisition is expected to close in the next four to six months, subject to regulatory approvals.
Friedrich Air Conditioning Co. (San Antonio) named Maria Downes national account manager of HVAC systems. She was most recently employed by Whirlpool Corp. (Benton Harbor, Michigan).