Aqua-Chem, Inc. acquires Enviro-Solutions, LLC
Addition of Leading Industrial Water Treatment Company
Expands Menu of Global Water Solutions Offerings
Knoxville, TN, February 10, 2010 – Aqua-Chem, Inc., a complete water purification solution provider, today announced that it has acquired Enviro-Solutions, LLC, an industrial water treatment equipment and chemical firm. Terms of the transaction were not disclosed.
The Enviro-Solutions acquisition follows Aqua-Chem’s purchase in June 2010 of Specific Equipment Company (“SPECIFIC”), a Houston-based provider of fluid-handling systems for the petroleum industry, resort hotels and other industry segments. Enviro-Solutions will operate as Aqua-Chem Industrial Division under the Aqua-Chem parent umbrella.
“The addition of Enviro-Solutions’ products and technology expands the menu of water solutions we offer to a global base of customers,” said David Gensterblum, President & CEO of Aqua-Chem. “We can now provide a wide range of industrial users with the ability to dramatically lower their manufacturing costs by recovering for re-use waste water that is typically flushed away. Industry’s ongoing need to reduce costs and commit to green-themed manufacturing processes makes this combination an absolute winner.”
Carroll H. Brown III, founder and CEO of Enviro-Solutions, said, “We are excited to join the Aqua-Chem family. Aqua-Chem’s global reach across a wide range of industries will allow us to rapidly expand the market for our innovative approach to industrial water treatment. With Aqua-Chem’s install base and proven history, this strategic decision will help with rapid growth. We anticipate 2-3 large jobs this year.”
In December, Aqua-Chem and Enviro-Solutions announced that initial results from a joint pilot project with a major U.S. carpet manufacturer demonstrate that it is both practical and economically feasible to simultaneously remove dye and other contaminants from wastewater used in large-scale carpet manufacturing. Gensterblum noted that projects like this show the economic potential of industrial applications of water treatment that treat and re-use waste water.
Founded in 1998, Enviro-Solutions products merge industrial water treatment expertise with both proprietary equipment and chemical prescriptions. Its Enviro II industrial wastewater solutions are uniquely designed and customized to meet the needs of the facility into which they are installed and substantially reduce operating costs. Enviro-Solutions, based in Lenoir City, TN, will be consolidated at Aqua-Chem’s Forks of the River site in Knoxville.
About Aqua-Chem, Inc.
Founded in 1940, Aqua-Chem is a leading solutions provider in evaporation and reverse osmosis technologies and water pretreatment equipment, with a full array of engineering, manufacturing, installation, training and maintenance services. The company serves the needs of customers in the following major markets: offshore oil and gas, commercial marine, pharmaceutical,beverage, military and industrial markets. Aqua-Chem participates in the water, power and waste treatment and offshore water & fluid handling markets through its Matrix and Specific Equipmentdivisions and in the industrial water treatment market through Aqua-Chem Industrial Division. Based in Knoxville, TN, Aqua-Chem sells its products in more than 100 countries around the world.
Aqua-Chem is a portfolio company of Altus Capital Partners, Inc., an investment firm specializing in middle market manufacturing companies based in the U.S.