HANOVER TWP., Pa.- The sale of a major player in the cement industry with deep Lehigh Valley roots is very close to being a done deal.<\/p>\n
FLSmidth says all regulatory approvals for the divestment of its cement business have been met, and the transaction is expected to close in the fourth quarter of this year.<\/p>\n
FLSmidth Cement makes machinery, equipment, and systems that are used in plants around the world, including in the Lehigh Valley. Think\u00a0crushing, milling, conveying, packing and more.<\/p>\n
The company announced in June that it was selling its cement division to\u00a0an affiliate of Pacific Avenue Capital Partners, a private equity firm based in California, for $175 million.<\/p>\n
Previously, a company representative told 69 News that the change would not have any impact on Lehigh Valley operations. FLSmidth Cement’s U.S. headquarters are located in Patriot American Park outside Allentown in Hanover Township. It also has a new manufacturing and distribution center in Allen Township, Northampton County.<\/p>\n
The company’s global headquarters are in Copenhagen, Denmark. In 1990, it acquired the Catasauqua-based Fuller Company, the longtime manufacturer of the\u00a0Fuller-Kinyon pump. Operations there eventually ceased; a separate plant in Allentown also closed.<\/p>\n
FLSmidth Cement has facilities around the world. Once its sale is complete, it will continue under a new name that has not yet been disclosed.<\/p>\n
The FLSmidth name won’t go away for good, though; the company\u00a0also makes equipment and machinery used in the mining industry, and that will be its focus moving forward.<\/p>\n","protected":false},"excerpt":{"rendered":"HANOVER TWP., Pa.- The sale of a major player in the cement industry with deep Lehigh Valley roots…\n","protected":false},"author":2,"featured_media":13947,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[10561,10565,119,121,120,4172,8469,10559,10566,10574,10572,10560,10576,10575,10563,10568,10570,2121,10567,10564,157,10573,10562,1881,10571,434,10577,28,10569,66],"class_list":["post-13946","post","type-post","status-publish","format-standard","has-post-thumbnail","category-allentown","tag-acc","tag-allen-township","tag-allentown","tag-allentown-headlines","tag-allentown-news","tag-california","tag-catasauqua","tag-cement","tag-cement-division","tag-cement-industry","tag-company-representative","tag-concrete","tag-copenhagen","tag-denmark","tag-flsmidth","tag-fuller-company","tag-fuller-kinyon","tag-hanover-township","tag-hanover-twp","tag-heidelberg-materials","tag-lehigh-valley","tag-longtime-manufacturer","tag-machinery","tag-manufacturing","tag-mining","tag-northampton-county","tag-pacific-avenue-capital-partners","tag-pennsylvania","tag-u-s-headquarters","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/13946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=13946"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/13946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/13947"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=13946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=13946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=13946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}