FCX Performance switching sponsorsOctober 9, 2012: 11:40 AM ET
FORTUNE -- Private equity firm Harvest Partners in in talks to acquire FCX Performance Inc., a Columbus, Ohio-based distributor of specialty flow control equipment, according to an FTC filing. The seller would be Sterling Investment Partners, which acquired FCX in October 2008 for an undisclosed amount.
The predecessor company to FTX was founded in 1984 as Simco Controls, by current FTX chief executive Charlie Simon. In 1999, Simco was acquired by a subsidiary of a UK company, and renamed FCX International.
Since then, it has had multiple private equity owners. British private equity firm Alchemy Partners acquired the parent company in 2002, and three years later Simon carved out FCX with the help of Stonehenge Partners. Then came Sterling in 2008, and now Harvest Partners.
Simon declined to comment on the new deal, while messages left for Harvest and Sterling have not yet been returned.
According to its website, FCX currently has over 400 employees and provides its valves and instrumentation products to markets that include food, pharmaceuticals, energy, paper and petroleum.
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