Stockholders Of SPX FLOW Approve Merger With An Affiliate Of Lone Star Funds

SPX FLOW, Inc. (NYSE:FLOW) (the "Company"), a leading provider of process solutions for the nutrition, health and industrial markets, announced today that its stockholders approved the proposed merger of the Company and Redwood Star Merger Sub, Inc. ("Merger Sub"), a Delaware corporation and a wholly owned subsidiary of LSF11 Redwood Acquisitions, LLC ("Parent"), a Delaware limited liability company and an affiliate of Lone Star Funds ("Lone Star"), a leading private equity firm, pursuant to the Agreement and Plan of Merger, dated as of December 12, 2021 (the "Merger Agreement"), by and among the Company, Merger Sub and Parent (the "Merger").

Subject to the satisfaction or waiver of the remaining conditions to closing, the Merger is expected to close in the second quarter of 2022.

"We thank our stockholders for their strong support of this transaction with Lone Star, which will provide compelling, immediate and certain stockholder value and position SPX FLOW to continue delivering reliable outcomes for our customers," said Marc Michael, SPX FLOW President and Chief Executive Officer. "With this significant milestone behind us, we look forward to completing the transaction with Lone Star."