Red Seal Measurement acquires flowmeter manufacturer Itron

May 23, 2012 By    

Measurement Technology Group Inc. has purchased the assets of Itron’s Greenwood, S.C., facility, which manufactures Neptune brand measurement systems, and will do business as Red Seal Measurement, the company announced. The Greenwood plant will remain the worldwide headquarters for production, sales and support of Neptune liquid measurement products. According to Red Seal Measurement, the acquisition represents a significant commitment to meet the need for advanced flowmeters and electronic monitoring devices for the dynamic industrial and energy markets. Neptune brand flowmeters are used in industrial processes and at all stages of the delivery chain for petroleum and LP gas products – from the refinery to home delivery. The Neptune RML2000 was the first truck-mounted mass flow system for LP gas, the company notes. All financial transactions will be handled from the Greenwood facility.

Kevin Yanik

About the Author:

Kevin Yanik is the senior editor of LP Gas Magazine. Contact him at kyanik@northcoastmedia.net or 216-706-3724.

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