Who? I like a lot of other people I have find, have never heard of my company before being assigned them. When I seen that they were an industrial machinery manufacturer; I thought back to my trade days, after all, I had spent years maintaining, repairing and installing industrial machinery (namely: electric motors). But still I had never seen that name before, “Spirax-Sarco?” what does that even mean?
The company dates back to 1888 when Herman Sanders partnered a Mr Rehders and established as Sanders, Rehders & Co. (‘Sarco‘) in London they initial built their business around importing thermostatic steam traps from Germany. It wasn’t until 1932 that they ventured into manufacturing and began to manufacture steam traps in United Kingdom under the Spirax brand name. By the 1960s they had been listed on the London Stock Exchange, introduced a range of self-acting pressure controls and acquired their first of many companies in 1963. Bolstering their steam transportation solutions when it bought Drayton Controls, a control valve and instrumentation business.
The company further diversified into fluid management in 1990 by acquiring Watson-Marlow, a pump manufacturer. Since 1993 they have made several key acquisitions which has lead expansion in the control and metering business. It appears acquisition remain a key strategy to growth and expansion for Spirax-Sarco. In 2017 they further strengthen their market position within steam management by acquiring Gestra, while in the same year diversified into electrical process heating and temperature management solutions by acquiring Chromalox.
In 2018 Spirax-Sarco brought in a revenue of over £1.15b. it is the first the company has made over £1b in one year. Their highest valued customers find themselves in industries such as pharmaceutical manufacturing, food processing, other machinery manufacturers, power generation, and several more, highly lucrative industries. This paired with their direct sales strategy is obviously the reason for the financial success.
Joshua Turner - Property 