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Calgon Carbon agrees board deal with shareholder
NEWS Nederman Manufacturing A/S in Assens. An agreement has now been reached to relocate all manufacturing, except for NORDFAB ducting systems, to Nederman’s plants in Poland and Germany. This will result in the loss of 32 jobs. The change will also create extra production space in Assens which will enable increased manufacturing of ducting systems. For further information, visit www.nederman.com and www.industrivent.dk
Calgon Carbon agrees board deal with shareholder
management and board of Calgon Carbon. We believe they will make substantial contributions to the company while serving the best interests of all of its stockholders. We look forward to enhanced value for the benefit of all stockholders.” Starboard, which beneficially owns approximately 9.2% of the outstanding shares of Calgon Carbon’s common stock, announced earlier in the year that it intended to nominate a slate of three director candidates to stand for election at the carbon company’s 2013 annual stockholders meeting. Calgon Carbon has also agreed to amend its shareholder rights agreement to raise the beneficial ownership trigger from 10% to 15%. For further information, visit www.calgoncarbon.com
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algon Carbon Corp has reached an agreement with shareholder Starboard Value LP and its affiliates regarding the composition of its board of directors. Under the terms of the agreement, Calgon Carbon will nominate two new independent directors for stockholder approval at Calgon Carbon’s 2013 annual meeting of shareholders on 1 May 2013. The nominees are Louis Massimo, former executive vice president and chief operating officer (COO) of Arch Chemicals Inc, and Donald Templin, senior vice president and chief financial officer of Marathon Petroleum Corp. Starboard has agreed to vote all of its shares in favour of each of the board’s nominees. A total of four director nominees will stand for election at the meeting, including the two new candidates. Director Robert Cruickshank will be retiring at the end of his term and not standing for re-election. If all nominees are elected, the Calgon Carbon board will be expanded by one seat, to nine directors. Randy Dearth, Calgon Carbon’s president and CEO, said: “We are pleased to have reached a constructive agreement with Starboard resulting in two excellent new candidates as director nominees. Both individuals will further strengthen our board with their considerable operational and financial experience and will contribute to our transformation initiatives as we become a leaner, higher-performance enterprise.” Jeff Smith, CEO of Starboard, said: “The new board candidates are the outcome of productive conversations with the 6
Filtration Industry Analyst
Cabot Norit’s new Texas mine secures operating permits
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abot Norit Activated Carbon has received operating permits for its new mine near Marshall in Texas, USA. The new mine, which will produce lignite for approximately 50 years, is part of Cabot’s strategic plan to meet the anticipated quadrupling of demand for activated carbon for use in the coal-fired utility market. In preparation for the new mine, Cabot has also purchased and relocated a dragline to the new mine site. “The new mine and dragline represent Cabot’s commitment to support and extend our market leadership position in the mercury emission control market,” said Bart Kalkstein, vice president and general manager, Global Emission Control Solutions. “As demand accelerates, having access to a long-term raw material supply is critical for our support of our customers. The new mine will help ensure that we have an uninterrupted supply of lignite well into the future and can meet the quadrupling of market demand.” Cabot has also secured permits and developed plans for seven new manufacturing lines in North America, which will allow Cabot to significantly increase production capacity of its mercury control products. For further information, visit www.cabotcorp.com
Bluewater Bio and NeoTech Aqua Solutions sign licencing agreement
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luewater Bio International has entered into a licencing agreement with NeoTech Aqua Solutions Inc to market the US company’s ultra-efficient, highly advanced UV technologies to industrial and municipal clients. The licence is global, with exclusive territory rights that include the UK and Ireland. NeoTech’s UV technology uses a patented chamber design combined with ReFleX technology which reflects over 99% of the UV generated back into the treated water, continuously until the target contaminant is destroyed. NeoTech, based in San Diego, California, already has more than 300 installations for its patented ultra-efficient UV technology, selling into the food & beverage, bottled water, pharmaceutical, pools & water parks, microelectronics, wastewater, remediation, and municipal drinking water markets, for disinfection and for the elimination of organic contaminants. Bluewater Bio believes there is an excellent growth market for efficient UV technology in territories that they or their partners currently operate in, and that its FilterClear multimedia filtration technology and Neotech UV are ideal complementary technologies for ultraefficient filtration and subsequent disinfection. Daniel Ishag, founder and CEO of Bluewater Bio International, said: “As we look to increase our product platform and service the needs of our ever increasing customer base, this deal signifies an important step in realising that aim. We aspire to be the world’s leading independent water technology provider. I strongly believe that, with Neotech onboard, we are ever closer to achieving this.” NeoTech’s president and CEO Stephen Dunham said: “The NeoTech team welcomes the opportunity to move forward globally in cooperation with Bluewater Bio. The synergistic advantages of leveraging Bluewater Bio’s existing technology, global footprint and corporate assets with NeoTech’s unique technological strengths in UV renders a new, multi-faceted capability that will benefit both companies and particularly the market at large. This is an exciting time of expansion for our respective technologies.” For further information, visit www.bluewaterbio.com and www.NeoTechAqua.com
March 2013
Calgon Carbon agrees board deal with shareholder
management and board of Calgon Carbon. We believe they will make substantial contributions to the company while serving the best interests of all of its stockholders. We look forward to enhanced value for the benefit of all stockholders.” Starboard, which beneficially owns approximately 9.2% of the outstanding shares of Calgon Carbon’s common stock, announced earlier in the year that it intended to nominate a slate of three director candidates to stand for election at the carbon company’s 2013 annual stockholders meeting. Calgon Carbon has also agreed to amend its shareholder rights agreement to raise the beneficial ownership trigger from 10% to 15%. For further information, visit www.calgoncarbon.com
C
algon Carbon Corp has reached an agreement with shareholder Starboard Value LP and its affiliates regarding the composition of its board of directors. Under the terms of the agreement, Calgon Carbon will nominate two new independent directors for stockholder approval at Calgon Carbon’s 2013 annual meeting of shareholders on 1 May 2013. The nominees are Louis Massimo, former executive vice president and chief operating officer (COO) of Arch Chemicals Inc, and Donald Templin, senior vice president and chief financial officer of Marathon Petroleum Corp. Starboard has agreed to vote all of its shares in favour of each of the board’s nominees. A total of four director nominees will stand for election at the meeting, including the two new candidates. Director Robert Cruickshank will be retiring at the end of his term and not standing for re-election. If all nominees are elected, the Calgon Carbon board will be expanded by one seat, to nine directors. Randy Dearth, Calgon Carbon’s president and CEO, said: “We are pleased to have reached a constructive agreement with Starboard resulting in two excellent new candidates as director nominees. Both individuals will further strengthen our board with their considerable operational and financial experience and will contribute to our transformation initiatives as we become a leaner, higher-performance enterprise.” Jeff Smith, CEO of Starboard, said: “The new board candidates are the outcome of productive conversations with the 6
Filtration Industry Analyst
Cabot Norit’s new Texas mine secures operating permits
C
abot Norit Activated Carbon has received operating permits for its new mine near Marshall in Texas, USA. The new mine, which will produce lignite for approximately 50 years, is part of Cabot’s strategic plan to meet the anticipated quadrupling of demand for activated carbon for use in the coal-fired utility market. In preparation for the new mine, Cabot has also purchased and relocated a dragline to the new mine site. “The new mine and dragline represent Cabot’s commitment to support and extend our market leadership position in the mercury emission control market,” said Bart Kalkstein, vice president and general manager, Global Emission Control Solutions. “As demand accelerates, having access to a long-term raw material supply is critical for our support of our customers. The new mine will help ensure that we have an uninterrupted supply of lignite well into the future and can meet the quadrupling of market demand.” Cabot has also secured permits and developed plans for seven new manufacturing lines in North America, which will allow Cabot to significantly increase production capacity of its mercury control products. For further information, visit www.cabotcorp.com
Bluewater Bio and NeoTech Aqua Solutions sign licencing agreement
B
luewater Bio International has entered into a licencing agreement with NeoTech Aqua Solutions Inc to market the US company’s ultra-efficient, highly advanced UV technologies to industrial and municipal clients. The licence is global, with exclusive territory rights that include the UK and Ireland. NeoTech’s UV technology uses a patented chamber design combined with ReFleX technology which reflects over 99% of the UV generated back into the treated water, continuously until the target contaminant is destroyed. NeoTech, based in San Diego, California, already has more than 300 installations for its patented ultra-efficient UV technology, selling into the food & beverage, bottled water, pharmaceutical, pools & water parks, microelectronics, wastewater, remediation, and municipal drinking water markets, for disinfection and for the elimination of organic contaminants. Bluewater Bio believes there is an excellent growth market for efficient UV technology in territories that they or their partners currently operate in, and that its FilterClear multimedia filtration technology and Neotech UV are ideal complementary technologies for ultraefficient filtration and subsequent disinfection. Daniel Ishag, founder and CEO of Bluewater Bio International, said: “As we look to increase our product platform and service the needs of our ever increasing customer base, this deal signifies an important step in realising that aim. We aspire to be the world’s leading independent water technology provider. I strongly believe that, with Neotech onboard, we are ever closer to achieving this.” NeoTech’s president and CEO Stephen Dunham said: “The NeoTech team welcomes the opportunity to move forward globally in cooperation with Bluewater Bio. The synergistic advantages of leveraging Bluewater Bio’s existing technology, global footprint and corporate assets with NeoTech’s unique technological strengths in UV renders a new, multi-faceted capability that will benefit both companies and particularly the market at large. This is an exciting time of expansion for our respective technologies.” For further information, visit www.bluewaterbio.com and www.NeoTechAqua.com
March 2013