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Acquisitions strengthen Sulzer's separation business
filtration
industryANALYST ISSN 1365-6937 September 2014
www.filtrationindustryanalyst.com
GLV to sell Pulp and Paper division and focus on water treatment
C
anada’s GLV Inc has unveiled plans to sell its Pulp and Paper division and become a pure-play water treatment company. The Pulp and Paper division will be sold for C$65 million to a corporation owned by GLV president and CEO Richard Verreault and executive chairman Laurent Verreault. GLV’s financial advisor National Bank Financial Inc will solicit superior proposals from third parties until 7 November 2014. When the sale closes, GLV will change its name to Ovivo Inc. Richard Verreault will step down from his current roles of president and CEO and director of GLV while Laurent Verreault will continue to act as executive chairman of Ovivo Inc. Marc Barbeau, the current president of GLV’s Ovivo division, will become president and CEO of the pure-play water treatment company. The Verreaults will remain major shareholders. GLV Inc has two divisions: Ovivo and GL&V Pulp and Paper. Ovivo designs solutions for the treatment and recycling of water covering filtration, clarification, treatment and purification. The Ovivo portfolio includes mechanical rakes, screens, clarifiers, membrane bioreactors,
moving bed bioreactors and submerged aerated filters. Brands include Aqua Engineering, Brackett Green, Christ Water Technology, Copa, Eimco Water Technologies, Enviroquip, Goema, Jones+Attwood, Kennicott and UT&S. The GL&V Pulp and Paper segment provides systems for various stages of paper production. Products include HI-Q and TamScreen screens, CORU-DEK, CENTERDISC and VDF disc filters and DUFLO pumps. In the year ended 31 March 2014, GLV had consolidated revenues of C$635.1 million, up 8.5% on the previous fiscal year, and a net loss of C$22.1 million. Ovivo’s revenues were up 10.4% or C$36.5 million to C$389.0 million, while GL&V Pulp and Paper revenues grew 5.3% or C$10.7 million to C$210.6 million. For further information, visit www.glv.com
COMMENT As a pure-play water treatment company, Ovivo will be able to use the proceeds of the sale of the Pulp and Paper division to pursue and fund further growth opportunities, particularly acquisitions. ■
Acquisitions strengthen Sulzer’s separation business
S
ulzer is acquiring Advanced Separation Co (ASCOM) BV, a provider of oil, water and gas separation equipment, and ProLabNL BV, a company that can test equipment in actual oil field conditions. Both ASCOM and ProLabNL are located in Arnhem, the Netherlands. ASCOM’s portfolio covers gas-liquid separation, liquid-liquid separation, produced water treatment, solids handling and gas treatment. The company offers advanced separation solutions for both
traditional vessel-based and compact inline separation. ProlabNL is an independent test facility for oil & gas process equipment, offering large scale test facilities that simulate real oilfield conditions under high or low pressure conditions. The company’s flowloops can be used for qualification of oil & gas process equipment such as multiphase flowmeters, pumps, separation equipment and cooling equipment. For further information, visit www.ascomseparation. com, www.prolabnl.com and www.sulzer.com
Contents Company Profile Lydall Outotec
6 7
Company Watch Donaldson ESCO Technologies FLSmidth Hyflux Parker Hannifin Pentair PMFG Schweitzer-Mauduit
8 8 9 9 10 10 11 11
Diary
15
Dividends
5
Exchange Rates
16
Financial Calendar
14
In Brief
New Product Developments
4
14
News GLV to sell Pulp and Paper division and focus on water treatment Acquisitions strengthen Sulzer’s separation business Contech Engineered Solutions purchases Filterra from Americast Ridgemont Equity Partners acquires Abrasive Products & Equipment German venture capitalists invest in i3 Membrane startup Cambridge Engineered Solutions extends international network Porvair: 9-month revenues and profits up on last year Donaldson expands Latin American distribution base Molecular Products Group secures £4mn investment Sonitec-Vortisand opens Dubai office Conwed increases European RO feed spacer production capacity Critical Process Filtration broadens technical services and validation support Nephros agrees bridge financing Ahlstrom to transfer IT operations to Tech Mahindra NanoH2O is renamed LG NanoH2O Next Fuel buys Integra disc filtration system from Layne Christensen
1 1 2 2 2 3 3 3 4 4 4 5 5 5 16 16
Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/14 © 2014 Elsevier Ltd. All rights reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.
industryANALYST ISSN 1365-6937 September 2014
www.filtrationindustryanalyst.com
GLV to sell Pulp and Paper division and focus on water treatment
C
anada’s GLV Inc has unveiled plans to sell its Pulp and Paper division and become a pure-play water treatment company. The Pulp and Paper division will be sold for C$65 million to a corporation owned by GLV president and CEO Richard Verreault and executive chairman Laurent Verreault. GLV’s financial advisor National Bank Financial Inc will solicit superior proposals from third parties until 7 November 2014. When the sale closes, GLV will change its name to Ovivo Inc. Richard Verreault will step down from his current roles of president and CEO and director of GLV while Laurent Verreault will continue to act as executive chairman of Ovivo Inc. Marc Barbeau, the current president of GLV’s Ovivo division, will become president and CEO of the pure-play water treatment company. The Verreaults will remain major shareholders. GLV Inc has two divisions: Ovivo and GL&V Pulp and Paper. Ovivo designs solutions for the treatment and recycling of water covering filtration, clarification, treatment and purification. The Ovivo portfolio includes mechanical rakes, screens, clarifiers, membrane bioreactors,
moving bed bioreactors and submerged aerated filters. Brands include Aqua Engineering, Brackett Green, Christ Water Technology, Copa, Eimco Water Technologies, Enviroquip, Goema, Jones+Attwood, Kennicott and UT&S. The GL&V Pulp and Paper segment provides systems for various stages of paper production. Products include HI-Q and TamScreen screens, CORU-DEK, CENTERDISC and VDF disc filters and DUFLO pumps. In the year ended 31 March 2014, GLV had consolidated revenues of C$635.1 million, up 8.5% on the previous fiscal year, and a net loss of C$22.1 million. Ovivo’s revenues were up 10.4% or C$36.5 million to C$389.0 million, while GL&V Pulp and Paper revenues grew 5.3% or C$10.7 million to C$210.6 million. For further information, visit www.glv.com
COMMENT As a pure-play water treatment company, Ovivo will be able to use the proceeds of the sale of the Pulp and Paper division to pursue and fund further growth opportunities, particularly acquisitions. ■
Acquisitions strengthen Sulzer’s separation business
S
ulzer is acquiring Advanced Separation Co (ASCOM) BV, a provider of oil, water and gas separation equipment, and ProLabNL BV, a company that can test equipment in actual oil field conditions. Both ASCOM and ProLabNL are located in Arnhem, the Netherlands. ASCOM’s portfolio covers gas-liquid separation, liquid-liquid separation, produced water treatment, solids handling and gas treatment. The company offers advanced separation solutions for both
traditional vessel-based and compact inline separation. ProlabNL is an independent test facility for oil & gas process equipment, offering large scale test facilities that simulate real oilfield conditions under high or low pressure conditions. The company’s flowloops can be used for qualification of oil & gas process equipment such as multiphase flowmeters, pumps, separation equipment and cooling equipment. For further information, visit www.ascomseparation. com, www.prolabnl.com and www.sulzer.com
Contents Company Profile Lydall Outotec
6 7
Company Watch Donaldson ESCO Technologies FLSmidth Hyflux Parker Hannifin Pentair PMFG Schweitzer-Mauduit
8 8 9 9 10 10 11 11
Diary
15
Dividends
5
Exchange Rates
16
Financial Calendar
14
In Brief
New Product Developments
4
14
News GLV to sell Pulp and Paper division and focus on water treatment Acquisitions strengthen Sulzer’s separation business Contech Engineered Solutions purchases Filterra from Americast Ridgemont Equity Partners acquires Abrasive Products & Equipment German venture capitalists invest in i3 Membrane startup Cambridge Engineered Solutions extends international network Porvair: 9-month revenues and profits up on last year Donaldson expands Latin American distribution base Molecular Products Group secures £4mn investment Sonitec-Vortisand opens Dubai office Conwed increases European RO feed spacer production capacity Critical Process Filtration broadens technical services and validation support Nephros agrees bridge financing Ahlstrom to transfer IT operations to Tech Mahindra NanoH2O is renamed LG NanoH2O Next Fuel buys Integra disc filtration system from Layne Christensen
1 1 2 2 2 3 3 3 4 4 4 5 5 5 16 16
Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/14 © 2014 Elsevier Ltd. All rights reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.