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Envirogen moves into North American food and beverage processor market
NEWS
American Water to acquire Keystone Clearwater Solutions
U
S water and wastewater utility !MERICAN 7ATER 7ORKS #O )NC has agreed to acquire Keystone Clearwater Solutions from Rex Energy Corp in a US$130 million deal. Headquartered in Hershey, Pennsylvania, Keystone Clearwater Solutions is a water service provider offering a range of water related services and products including pumps and filtration, to the oil and gas industry primarily in the Appalachian region of Pennsylvania, Ohio and West Virginia. The company provides customised water sourcing, transfer and hydraulic fracturing support including intake development, turnkey pipeline construction, water storage, management support and transfer services for shale gas operators. “Keystone Clearwater Solutions provides turn-key water solutions to the shale gas industry in a safe and environmentally responsible manner,” said Susan Story, president and CEO of American Water. “We are excited because Keystone’s offerings are in line with American Water’s core competencies – supplying, transmitting, pumping and storing water and building the infrastructure required to do so.” “This acquisition delivers on one of our growth strategies to develop complementary businesses. Coupled with our existing activity in shale, the Keystone acquisition will enhance our ability to provide additional water services solutions to shale development companies,” added Story. Keystone Clearwater Solutions will operate as a separate, independent subsidiary of American Water and will continue to be led by founder and CEO Ned Wehler.
For further information, visit www.amwater.com and www.keystoneclear.com
June 2015
BioteQ issues short term convertible loans
B
ioteQ Environmental Technologies Inc has received approval from THE 4ORONTO 3TOCK %XCHANGE TO enter into six month, unsecured, convertible loan agreements worth C$775 000 with six lenders. The lenders include directors and management of BioteQ and nonmanagement insiders of the company. The loans bear interest at a rate of 12% per annum and are repayable in full, at the demand of the lender, on or after 9 December 2015. BioteQ may elect to repay any portion of the outstanding balance at any time subject to a minimum interest payment of 6%. Subject to receiving shareholder approval for the issuance of the underlying shares, each lender may elect to convert the outstanding principal of its loan into common shares of BioteQ on or after the maturity date. The proceeds of the loans will be used to fund general operating expenses over the next six months. BioteQ was expecting to complete an intercompany transfer from its Chinese joint venture back to its Canadian parent company by July of this year. Due to unexpected administrative requirements in China, this transfer has been delayed until approximately October of this year. Once the transfer has been completed, BioteQ expects to repay the loan in full on or before the maturity date. For further information, visit www.bioteq.ca
Envirogen moves into North American food and beverage processor market
E
nvirogen Technologies Inc is to start providing water treatment
and management solutions for food and beverage processors in North America. Currently a supplier of ‘end-to-end’ water solutions to the European food and beverage industries, Envirogen will now employ its technology portfolio and operations management expertise in North America to deliver programs for incoming water treatment, process water conditioning, process filtration, water recycle and re-use and wastewater treatment. Envirogen will help North American food and beverage processors prepare water from municipal or impacted groundwater sources, enhance facility throughput, and reduce water footprint at the lowest lifecycle cost. Richard Reese, president and CEO of Envirogen, believes his company has a unique approach to providing water and wastewater treatment solutions to food and beverage companies. “We combine proprietary technologies with sound process engineering, system design and construction, along with operations services to develop comprehensive solutions for our customers. We can support our clients at any point of the project development and implementation process. Our full-service options include guarantees for performance, operating costs and the lifetime of equipment assets. That’s why we call ourselves a Lifecycle Performance company,” said Reese. Envirogen has been providing water solutions to food and beverage processors in Europe for more than a decade under the Puresep brand. These include the treatment of groundwater and surface water sources via filtration and ion exchange; incoming water treatment solutions via filtration, ion exchange, disinfection and membrane technologies; process water treatment solutions using membranes, de-aeration, disinfection and sterilization; and wastewater treatment solutions that feature recovery and reuse. Global customers of Envirogen’s European operations include Heineken, Diageo, Britvic, SABMiller, Carlsberg and MolsonCoors.
Filtration Industry Analyst
3
IN BRIEF/NEWS
In Brief UÊ CECO Environmental Corp and PMFG Inc have received early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in relation to CECO’s acquisition of PMFG (see Filtration Industry Analyst, May 2015). The deal is still subject to the approval of stockholders of both CECO and PMFG and other customary closing conditions. www.cecoenviro.com, www.pmfginc. com and www.peerlessmfg.com UÊ Pall Corp has set the record date for the special meeting of its shareholders to vote on the proposed merger with Danaher Corp (see Filtration Industry Analyst, 2015). The Pall shareholders of record at the close of business on 25 June 2015 will be entitled to vote at the special meeting. The merger is expected to close by the end of 2015. www.pall.com UÊ Hollingsworth & Vose has launched a Spanish version of its website, demonstrating the importance of the Central and South American market to the filter media company. Hollingsworth & Vose operates a manufacturing site and a sales office in Mexico to service the Latin American market. http:/es.hollingsworth-vose.com UÊ Imerys Filtration Minerals Inc is increasing its prices for products shipped within North America from 1 July 2015. The 3–10% price increase will apply across all diatomite and perlite products and is subject to any provisions in individual contracts. Imerys Filtration Minerals says that the price rise supports continual investments and rising costs in manufacturing, maintenance, quality systems, and environmental compliance. An energy surcharge will remain in effect. www.imerys-filtration.com UÊ £ÓääÊ Grundfos employees from 55 countries participated in 26 sports during the recent Grundfos Olympic Games in Bjerringbro, Denmark. The Grundfos Olympics are held every four years, bringing employees and cultures together with a focus on teambuilding and friendship. At the end of the two days of competition, 384 medals had been presented and 10 611 km covered by the cyclists, swimmers and runners. www.grundfos.com
4
Filtration Industry Analyst
Envirogen already operates in the US, treating and managing impacted groundwater using biological, physical chemical and adsorptive technologies – with over 80 installations country-wide. Todd Webster, Envirogen’s West Regional vice president, says that the company’s offering to food and beverage processors is particularly timely considering the industry drive for reduced water footprint and the extreme drought conditions in California and the US Southwest. “At Envirogen, we have the ability to help companies utilise alternative source water and to make their existing water sources work harder – and with better quality. Within the processing facility, there are a number of opportunities to reduce overall water usage, to make more efficient usage of expensive water sources, as well as investigate water re-use approaches,” said Webster. “We have done this for companies worldwide, and we’re ready to implement tailored solutions to meet new and emergency water requirements in the United States right away.” For further information, visit www.envirogen.com
Pentair invests in Florida aquaculture centre of excellence
P
entair has opened a World Aquaculture Technology Engineering & Research Center of Excellence on the Pentair Aquatic %CO 3YSTEMS CAMPUS IN !POPKA Florida, USA. The centre, which consists of 12 400 sq ft of laboratories and fish culture systems, will be used for demonstration, research and teaching activities. Customers and educational institutions will be able to monitor online the progress of fish culture trials, including water quality, feeding, feed conversion ratios, growth rates, energy consumption and harvesting activities. “We call this farming reimagined,” said Karl Frykman, president of Pentair’s Water Quality Systems. The centre will showcase Pentair’s expertise and technologies in water reuse systems and solutions, including pumps and filtration systems. Frykman said the centre also highlights the world-class scientific expertise of Pentair’s biologists, engineers, designers and technicians who specialize in sustaining aquatic life.
“Through our work in aquaculture, at this centre of excellence, we are innovating to help a new industry bring healthy food to developing countries, arid climates and space-challenged urban centres.” The new centre is “designed to allow development of innovative technology as well as showcase solutions for different environments around the world,” said Bob Miller, Pentair vice president Environmental Systems. The Pentair Aquatic Eco-Systems campus already houses offices, a customer contact centre, and manufacturing and warehouse operations. For further information, visit www.pentair.com and www.pentairaes.com
Revenues up at Porvair
P
orvair expects to report underlying revenue growth for the six months ended 31 May 2015 with demand at or ahead of EXPECTATIONS IN MOST MARKETS In a trading update ahead of the publication of its half-year results at the end of June 2015, Porvair says that interim profits will be up on 2014. Net cash at 31 May 2015 will be £7 million higher than at the same point last year. Underlying revenues exclude proceeds from a number of large contracts recorded in 2014. While large projects continue to progress with further work in the pipeline, revenues from large projects will be lower than in 2014. Porvair says that order books for the second half of the year are healthy. The filtration company has completed and opened new plants in the UK and USA and the China facility’s expansion continues on schedule and to budget. Porvair will publish its interim results for the six months ended 31 May 2015 on 29 June 2015.
For further information, visit www.porvair.co.uk
Hengst opens filter plant in Poland
F
ilter production has started at Hengst’s first factory in Poland.
June 2015
American Water to acquire Keystone Clearwater Solutions
U
S water and wastewater utility !MERICAN 7ATER 7ORKS #O )NC has agreed to acquire Keystone Clearwater Solutions from Rex Energy Corp in a US$130 million deal. Headquartered in Hershey, Pennsylvania, Keystone Clearwater Solutions is a water service provider offering a range of water related services and products including pumps and filtration, to the oil and gas industry primarily in the Appalachian region of Pennsylvania, Ohio and West Virginia. The company provides customised water sourcing, transfer and hydraulic fracturing support including intake development, turnkey pipeline construction, water storage, management support and transfer services for shale gas operators. “Keystone Clearwater Solutions provides turn-key water solutions to the shale gas industry in a safe and environmentally responsible manner,” said Susan Story, president and CEO of American Water. “We are excited because Keystone’s offerings are in line with American Water’s core competencies – supplying, transmitting, pumping and storing water and building the infrastructure required to do so.” “This acquisition delivers on one of our growth strategies to develop complementary businesses. Coupled with our existing activity in shale, the Keystone acquisition will enhance our ability to provide additional water services solutions to shale development companies,” added Story. Keystone Clearwater Solutions will operate as a separate, independent subsidiary of American Water and will continue to be led by founder and CEO Ned Wehler.
For further information, visit www.amwater.com and www.keystoneclear.com
June 2015
BioteQ issues short term convertible loans
B
ioteQ Environmental Technologies Inc has received approval from THE 4ORONTO 3TOCK %XCHANGE TO enter into six month, unsecured, convertible loan agreements worth C$775 000 with six lenders. The lenders include directors and management of BioteQ and nonmanagement insiders of the company. The loans bear interest at a rate of 12% per annum and are repayable in full, at the demand of the lender, on or after 9 December 2015. BioteQ may elect to repay any portion of the outstanding balance at any time subject to a minimum interest payment of 6%. Subject to receiving shareholder approval for the issuance of the underlying shares, each lender may elect to convert the outstanding principal of its loan into common shares of BioteQ on or after the maturity date. The proceeds of the loans will be used to fund general operating expenses over the next six months. BioteQ was expecting to complete an intercompany transfer from its Chinese joint venture back to its Canadian parent company by July of this year. Due to unexpected administrative requirements in China, this transfer has been delayed until approximately October of this year. Once the transfer has been completed, BioteQ expects to repay the loan in full on or before the maturity date. For further information, visit www.bioteq.ca
Envirogen moves into North American food and beverage processor market
E
nvirogen Technologies Inc is to start providing water treatment
and management solutions for food and beverage processors in North America. Currently a supplier of ‘end-to-end’ water solutions to the European food and beverage industries, Envirogen will now employ its technology portfolio and operations management expertise in North America to deliver programs for incoming water treatment, process water conditioning, process filtration, water recycle and re-use and wastewater treatment. Envirogen will help North American food and beverage processors prepare water from municipal or impacted groundwater sources, enhance facility throughput, and reduce water footprint at the lowest lifecycle cost. Richard Reese, president and CEO of Envirogen, believes his company has a unique approach to providing water and wastewater treatment solutions to food and beverage companies. “We combine proprietary technologies with sound process engineering, system design and construction, along with operations services to develop comprehensive solutions for our customers. We can support our clients at any point of the project development and implementation process. Our full-service options include guarantees for performance, operating costs and the lifetime of equipment assets. That’s why we call ourselves a Lifecycle Performance company,” said Reese. Envirogen has been providing water solutions to food and beverage processors in Europe for more than a decade under the Puresep brand. These include the treatment of groundwater and surface water sources via filtration and ion exchange; incoming water treatment solutions via filtration, ion exchange, disinfection and membrane technologies; process water treatment solutions using membranes, de-aeration, disinfection and sterilization; and wastewater treatment solutions that feature recovery and reuse. Global customers of Envirogen’s European operations include Heineken, Diageo, Britvic, SABMiller, Carlsberg and MolsonCoors.
Filtration Industry Analyst
3
IN BRIEF/NEWS
In Brief UÊ CECO Environmental Corp and PMFG Inc have received early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in relation to CECO’s acquisition of PMFG (see Filtration Industry Analyst, May 2015). The deal is still subject to the approval of stockholders of both CECO and PMFG and other customary closing conditions. www.cecoenviro.com, www.pmfginc. com and www.peerlessmfg.com UÊ Pall Corp has set the record date for the special meeting of its shareholders to vote on the proposed merger with Danaher Corp (see Filtration Industry Analyst, 2015). The Pall shareholders of record at the close of business on 25 June 2015 will be entitled to vote at the special meeting. The merger is expected to close by the end of 2015. www.pall.com UÊ Hollingsworth & Vose has launched a Spanish version of its website, demonstrating the importance of the Central and South American market to the filter media company. Hollingsworth & Vose operates a manufacturing site and a sales office in Mexico to service the Latin American market. http:/es.hollingsworth-vose.com UÊ Imerys Filtration Minerals Inc is increasing its prices for products shipped within North America from 1 July 2015. The 3–10% price increase will apply across all diatomite and perlite products and is subject to any provisions in individual contracts. Imerys Filtration Minerals says that the price rise supports continual investments and rising costs in manufacturing, maintenance, quality systems, and environmental compliance. An energy surcharge will remain in effect. www.imerys-filtration.com UÊ £ÓääÊ Grundfos employees from 55 countries participated in 26 sports during the recent Grundfos Olympic Games in Bjerringbro, Denmark. The Grundfos Olympics are held every four years, bringing employees and cultures together with a focus on teambuilding and friendship. At the end of the two days of competition, 384 medals had been presented and 10 611 km covered by the cyclists, swimmers and runners. www.grundfos.com
4
Filtration Industry Analyst
Envirogen already operates in the US, treating and managing impacted groundwater using biological, physical chemical and adsorptive technologies – with over 80 installations country-wide. Todd Webster, Envirogen’s West Regional vice president, says that the company’s offering to food and beverage processors is particularly timely considering the industry drive for reduced water footprint and the extreme drought conditions in California and the US Southwest. “At Envirogen, we have the ability to help companies utilise alternative source water and to make their existing water sources work harder – and with better quality. Within the processing facility, there are a number of opportunities to reduce overall water usage, to make more efficient usage of expensive water sources, as well as investigate water re-use approaches,” said Webster. “We have done this for companies worldwide, and we’re ready to implement tailored solutions to meet new and emergency water requirements in the United States right away.” For further information, visit www.envirogen.com
Pentair invests in Florida aquaculture centre of excellence
P
entair has opened a World Aquaculture Technology Engineering & Research Center of Excellence on the Pentair Aquatic %CO 3YSTEMS CAMPUS IN !POPKA Florida, USA. The centre, which consists of 12 400 sq ft of laboratories and fish culture systems, will be used for demonstration, research and teaching activities. Customers and educational institutions will be able to monitor online the progress of fish culture trials, including water quality, feeding, feed conversion ratios, growth rates, energy consumption and harvesting activities. “We call this farming reimagined,” said Karl Frykman, president of Pentair’s Water Quality Systems. The centre will showcase Pentair’s expertise and technologies in water reuse systems and solutions, including pumps and filtration systems. Frykman said the centre also highlights the world-class scientific expertise of Pentair’s biologists, engineers, designers and technicians who specialize in sustaining aquatic life.
“Through our work in aquaculture, at this centre of excellence, we are innovating to help a new industry bring healthy food to developing countries, arid climates and space-challenged urban centres.” The new centre is “designed to allow development of innovative technology as well as showcase solutions for different environments around the world,” said Bob Miller, Pentair vice president Environmental Systems. The Pentair Aquatic Eco-Systems campus already houses offices, a customer contact centre, and manufacturing and warehouse operations. For further information, visit www.pentair.com and www.pentairaes.com
Revenues up at Porvair
P
orvair expects to report underlying revenue growth for the six months ended 31 May 2015 with demand at or ahead of EXPECTATIONS IN MOST MARKETS In a trading update ahead of the publication of its half-year results at the end of June 2015, Porvair says that interim profits will be up on 2014. Net cash at 31 May 2015 will be £7 million higher than at the same point last year. Underlying revenues exclude proceeds from a number of large contracts recorded in 2014. While large projects continue to progress with further work in the pipeline, revenues from large projects will be lower than in 2014. Porvair says that order books for the second half of the year are healthy. The filtration company has completed and opened new plants in the UK and USA and the China facility’s expansion continues on schedule and to budget. Porvair will publish its interim results for the six months ended 31 May 2015 on 29 June 2015.
For further information, visit www.porvair.co.uk
Hengst opens filter plant in Poland
F
ilter production has started at Hengst’s first factory in Poland.
June 2015