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Ahlstrom refinances its revolving credit facility
news The expansion comes nearly two years after Porvair acquired the Caribou site and business of Chand Eisenmann Metallurgical (CEM). CEM has been merged with Porvair’s operations in Ashland, Virginia, and is integrated with the group’s strategy to grow its US division into a major filtration organisation. Administration, customer service, and sales for the two companies are now integrated at Porvair’s headquarters in Virginia, and Caribou remains a dedicated manufacturing site. Kevin Nelson, president of Porvair in the USA, said that successful delivery of the expansion reaffirmed the company’s commitment to investing in its operations. “We are certain that this key investment in our infrastructure will ensure that Porvair remains at the forefront of the industry, while forging exceptional new avenues of growth. It is a showcase facility that will enhance the design and manufacture of our products, demonstrating to customers our commitment to driving further innovations in technology and capabilities that offer leading, costeffective design solutions,” said Nelson. For further information, visit www.porvairfiltration.com
BluMetric partners with Aquarion
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anadian cleantech company BluMetric Environmental Inc has signed a technology, business and project development agreement with Switzerland’s Aquarion AG. Ottawa-headquartered BluMetric is an engineered solutions and professional services company serving the mining, food and beverage, and municipal sectors, while Aquarion offers advanced treatment solutions to clients in the oil and gas, food and beverage, energy, and micro-electronics industries from operating units in Germany, Italy, the UK and Southeast Asia. “This agreement with Aquarion and their subsidiary companies furthers BluMetric’s strategy of selective partnering to expand and enhance our technologies, the sectors and
regions we service, and ultimately the quality of that service to our clients,” said Roger Woeller, CEO of BluMetric. “Our chosen area of endeavour is played in an international arena, and working with Aquarion dramatically extends our reach. This partnership will strengthen not only our ability to compete but both our bottom lines.” “These two companies have complementary technologies, similar cultures, and few regional overlaps,” said Karl Michael Millauer, CEO of Aquarion AG. “With Aquarion’s strength in oil and gas and energy coupled with BluMetric’s depth in mining, real estate, military, and industrial solutions, the potential for growth is substantial.” For further information, visit www.blumetric.ca and www.aquarion-group.com
Fibracast breaks ground on new Canadian manufacturing plant
Advanced Manufacturing Fund from the Federal Economic Development Agency for Southern Ontario (FedDev). The new capital will be used to finance the ramp-up in Fibracast’s membrane production capacity at the new facility and also to develop Fibracast’s commercialisation capability. “The feedback from our lead customers in the US, in Europe and in Asia is that FibrePlate membranes have achieved a critical breakthrough. This breakthrough is due to these membranes significantly improving the economics of implementing systems by reducing the footprint and energy requirements and increasing the sustainable water filtration rates, as compared to conventional membrane systems. Therefore, we see significant opportunities for our product in markets around the world and we are now ready to expand our production capacity,” said Steve Watzeck, chairman of the board and chief commercialisation officer of Fibracast. Fibracast is a member of the Anaergia group of companies. For further information, visit www.anaergia.com/fibracast
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ibracast Inc has held a groundbreaking ceremony for a new manufacturing facility in Hamilton, Ontario, Canada that will produce its patented FibrePlate hybrid membrane for water treatment and reuse. “We are very pleased that after developing our unique membranes in the Hamilton area, our new technologically advanced membrane production facility will also be here. Fibracast is the only company manufacturing immersed water treatment membranes in North America, and with this new facility Fibracast will become a top tier global supplier,” said John Tomescu, CEO of Fibracast. Fibracast recently closed a financing transaction, with the assistance of Richardson GMP Ltd, which brought in growth equity capital. The Canadian company also received an investment under the
Ahlstrom refinances its revolving credit facility
A
hlstrom has signed a E180 million three-year revolving credit facility. The facility includes two 12-month extension options for the company subject to the consent of the participating banks. The committed facility refinances the existing E200 million facility signed in June 2011 (initially E250 million) and will be used for general corporate purposes. The banks acting as mandated lead arrangers and bookrunners are BNP Paribas, Crédit Agricole, Nordea, Pohjola, SEB and Swedbank. Pohjola acts as the agent and Swedbank as the documentation agent. For further information, visit www.ahlstrom.com
A SUBSCRIPTION INCLUDES: • Online access for 5 users • An archive of back issues
8 July 2015
www.filtrationindustryanalyst.com
Filtration Industry Analyst
3
BluMetric partners with Aquarion
C
anadian cleantech company BluMetric Environmental Inc has signed a technology, business and project development agreement with Switzerland’s Aquarion AG. Ottawa-headquartered BluMetric is an engineered solutions and professional services company serving the mining, food and beverage, and municipal sectors, while Aquarion offers advanced treatment solutions to clients in the oil and gas, food and beverage, energy, and micro-electronics industries from operating units in Germany, Italy, the UK and Southeast Asia. “This agreement with Aquarion and their subsidiary companies furthers BluMetric’s strategy of selective partnering to expand and enhance our technologies, the sectors and
regions we service, and ultimately the quality of that service to our clients,” said Roger Woeller, CEO of BluMetric. “Our chosen area of endeavour is played in an international arena, and working with Aquarion dramatically extends our reach. This partnership will strengthen not only our ability to compete but both our bottom lines.” “These two companies have complementary technologies, similar cultures, and few regional overlaps,” said Karl Michael Millauer, CEO of Aquarion AG. “With Aquarion’s strength in oil and gas and energy coupled with BluMetric’s depth in mining, real estate, military, and industrial solutions, the potential for growth is substantial.” For further information, visit www.blumetric.ca and www.aquarion-group.com
Fibracast breaks ground on new Canadian manufacturing plant
Advanced Manufacturing Fund from the Federal Economic Development Agency for Southern Ontario (FedDev). The new capital will be used to finance the ramp-up in Fibracast’s membrane production capacity at the new facility and also to develop Fibracast’s commercialisation capability. “The feedback from our lead customers in the US, in Europe and in Asia is that FibrePlate membranes have achieved a critical breakthrough. This breakthrough is due to these membranes significantly improving the economics of implementing systems by reducing the footprint and energy requirements and increasing the sustainable water filtration rates, as compared to conventional membrane systems. Therefore, we see significant opportunities for our product in markets around the world and we are now ready to expand our production capacity,” said Steve Watzeck, chairman of the board and chief commercialisation officer of Fibracast. Fibracast is a member of the Anaergia group of companies. For further information, visit www.anaergia.com/fibracast
F
ibracast Inc has held a groundbreaking ceremony for a new manufacturing facility in Hamilton, Ontario, Canada that will produce its patented FibrePlate hybrid membrane for water treatment and reuse. “We are very pleased that after developing our unique membranes in the Hamilton area, our new technologically advanced membrane production facility will also be here. Fibracast is the only company manufacturing immersed water treatment membranes in North America, and with this new facility Fibracast will become a top tier global supplier,” said John Tomescu, CEO of Fibracast. Fibracast recently closed a financing transaction, with the assistance of Richardson GMP Ltd, which brought in growth equity capital. The Canadian company also received an investment under the
Ahlstrom refinances its revolving credit facility
A
hlstrom has signed a E180 million three-year revolving credit facility. The facility includes two 12-month extension options for the company subject to the consent of the participating banks. The committed facility refinances the existing E200 million facility signed in June 2011 (initially E250 million) and will be used for general corporate purposes. The banks acting as mandated lead arrangers and bookrunners are BNP Paribas, Crédit Agricole, Nordea, Pohjola, SEB and Swedbank. Pohjola acts as the agent and Swedbank as the documentation agent. For further information, visit www.ahlstrom.com
A SUBSCRIPTION INCLUDES: • Online access for 5 users • An archive of back issues
8 July 2015
www.filtrationindustryanalyst.com
Filtration Industry Analyst
3