Spirax-Sarco’s quality shines through

Engineering group Spirax-Sarco Engineering (SPX) makes products that improve its customers’ safety, efficiency and sustainability. Operating across a broad range of industries – from food and drink to wastewater – its steam, electric thermal and fluid pump solutions are critical to smooth-running operations. The group has earned a reputation as a quality investment with a track record of margin progression, good organic growth and high returns on capital employed. Less cyclical than you might imagine, its shares could be a good place to ride out the coronavirus storm for the long-term opportunities on offer.