Core Viewpoint - Lone Star Funds has signed a definitive agreement to sell SPX FLOW, Inc. to ITT Inc. for $4.775 billion in cash and stock, marking a significant transaction in the industrial and process technology sectors [1][4]. Company Overview - SPX FLOW, based in Charlotte, N.C., specializes in process technologies that include mixing, blending, fluid handling, separation, and thermal heat transfer, serving industrial, health, and nutrition markets [2]. - The company operates in over 25 countries and has sales in more than 140 countries, indicating a strong global presence [2]. Strategic Developments - Under Lone Star's ownership, SPX FLOW has focused on enhancing sales execution and operational efficiency, while prioritizing high-quality and innovative product development [3]. - The management team has successfully improved the commercial organization and executed growth initiatives, targeting new geographies and industries for expansion [3]. Transaction Details - The sale is seen as the culmination of efforts to streamline SPX FLOW's portfolio and enhance its business operations [4]. - The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of Q1 2026 [4]. Advisory Information - Citi and Jefferies LLC are serving as financial advisors to Lone Star in this transaction [5].

Core Insights - A strategic alliance has been formed among US packaging companies Coregistics, Proven Partners Group, and Belvika, resulting in the creation of a unified brand named BelPak [1][4] - BelPak aims to enhance scale, sophistication, and efficiency in the North American packaging solutions sector, leveraging over 70 years of combined experience in contract manufacturing and packing [1][3] Company Overview - BelPak operates more than 25 facilities across the US and Canada, targeting various market segments such as food and beverage and health and wellness [2] - The executive chair of BelPak, Victor Crawford, emphasized that the brand combines the strengths of three companies to provide greater reach, capabilities, and flexibility to customers [2] Service Offerings - BelPak's network provides a range of services including blending, stick packs, canisters, cartoning, blister packaging, and fulfillment [3] - The facilities of BelPak are certified under food safety, organic, kosher, and halal standards, ensuring compliance with various regulatory requirements [3] - The company focuses on delivering inventive, scalable, and eco-friendly packaging solutions in collaboration with its partners [3]