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Evoqua to acquire Neptune Benson
filtration
industryANALYST ISSN 1365-6937 March 2016
www.filtrationindustryanalyst.com
Evoqua to acquire Neptune Benson
E
voqua Water Technologies has signed a definitive agreement to acquire Neptune Benson, a US manufacturer of water filtration and disinfection products for recreational, industrial and municipal water markets. Neptune Benson employs 110 people across four operations in Coventry, Rhode Island; Beaver Dam, Wisconsin; and Bridgeport, Connecticut, USA; and Montreal, Canada. Brands include Defender regenerative media filter; ETS-UV disinfection system; Vortisand and Legacy sand filters, AEGIS anti-entrapment shields, Dominion butterfly valves, Guardian and ProStrainer strainers, Greendrive VFD systems and Lawson Aquatics accessories. “We are excited to welcome the Neptune Benson team to the Evoqua Water Technologies family,” said Evoqua CEO Ron Keating. “Neptune Benson’s filtration and disinfection products have been well regarded in the industry since 1956 and complement Evoqua’s existing businesses and markets-served extremely well. This addition is a natural fit for us and consistent with our growth plan to double our business by the end of 2021.” Ken Rodi, CEO of Neptune Benson, will become a member of Evoqua’s leadership team and will report to Keating. “We are enthusiastic to join the Evoqua team,” said Rodi. “Not only are our businesses and markets complementary, but so is Evoqua’s commitment to growth, spirit of innovation,
and focus on helping its customers and partners to succeed. This combination is ideal.” Founded in 1956 by Junius and Raymond Gertz as a residential and small commercial pool business, the company later shifted its focus to filtration systems for institutional pools larger than 250 000 gallons. Neptune Benson has grown through the introduction of new products such as Defender regenerative media filter and acquisitions like the ProStrainer product line and Sonitec filtration products. Today Neptune Benson’s filtration and ultra-violet disinfection products can be found in more than 20 000 installations in 45 countries. Evoqua has recently pledged to double the amount of water it treats for reuse and reclamation to 5 billion gallons of water per day by 2021. The company has also said that it will make an R&D investment of at least US$50 million over the next five years to further develop technologies to improve the world’s water. For further information, visit www.evoqua.com and www.neptunebenson.com
COMMENT Neptune Benson brings a portfolio of strong brands and technologies and appears to fit well with Evoqua Water Technologies as it executes on its ambitious goals. ■
Dow’s Jubail facility ships first RO elements
D
ow Water & Process Solutions’ (DW&PS) new manufacturing facility in Jubail, Saudi Arabia has shipped its first batch of Dow Filmtec reverse osmosis (RO) elements. The RO production facility came on-stream in December 2015 to serve the
local Saudi Arabian market and to help meet growing demand for RO in the Middle East and Africa, as well as in Eastern Europe, India, China and Southeast Asia. “Through rapid urban economic growth, annual domestic water demand in the Continued on page 2...
Contents Company Profile Ahlstrom Donaldson
6 7
Company Watch Ceco Environmental Cummins FLSmidth H2O Innovation Hyflux Ovivo Pentair Xylem
8 8 9 9 10 10 11 11
Diary
15
Dividends Exchange Rates
5 16
Feature In Brief
4
Financial Calendar
14
New Product Developments
14
News Evoqua to acquire Neptune Benson 1 Dow’s Jubail facility ships first RO elements 1 Porvair opens new base in China 2 Evonik Industries expands membrane business 2 H2O Innovation forms Mexican partnership 3 Spiral Water relocates to larger facility 3 Oasys Water establishes Dubai office 3 Chemviron Carbon celebrates opening of UK reactivation plant 3 Polymem builds membrane production line 4 Grundfos significantly improves profitability 4 Weir Minerals invests in new technical centre in Australia 4 Pentair wins “Water Innovator of the Year” award 5 Cummins to set up distribution JV in the Middle East 5 Hitachi to merge Singapore water subsidiaries 16 Pentair plans centres to reduce, reuse and recover water 16
Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/16 © 2016 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 March 2016
www.filtrationindustryanalyst.com
Evoqua to acquire Neptune Benson
E
voqua Water Technologies has signed a definitive agreement to acquire Neptune Benson, a US manufacturer of water filtration and disinfection products for recreational, industrial and municipal water markets. Neptune Benson employs 110 people across four operations in Coventry, Rhode Island; Beaver Dam, Wisconsin; and Bridgeport, Connecticut, USA; and Montreal, Canada. Brands include Defender regenerative media filter; ETS-UV disinfection system; Vortisand and Legacy sand filters, AEGIS anti-entrapment shields, Dominion butterfly valves, Guardian and ProStrainer strainers, Greendrive VFD systems and Lawson Aquatics accessories. “We are excited to welcome the Neptune Benson team to the Evoqua Water Technologies family,” said Evoqua CEO Ron Keating. “Neptune Benson’s filtration and disinfection products have been well regarded in the industry since 1956 and complement Evoqua’s existing businesses and markets-served extremely well. This addition is a natural fit for us and consistent with our growth plan to double our business by the end of 2021.” Ken Rodi, CEO of Neptune Benson, will become a member of Evoqua’s leadership team and will report to Keating. “We are enthusiastic to join the Evoqua team,” said Rodi. “Not only are our businesses and markets complementary, but so is Evoqua’s commitment to growth, spirit of innovation,
and focus on helping its customers and partners to succeed. This combination is ideal.” Founded in 1956 by Junius and Raymond Gertz as a residential and small commercial pool business, the company later shifted its focus to filtration systems for institutional pools larger than 250 000 gallons. Neptune Benson has grown through the introduction of new products such as Defender regenerative media filter and acquisitions like the ProStrainer product line and Sonitec filtration products. Today Neptune Benson’s filtration and ultra-violet disinfection products can be found in more than 20 000 installations in 45 countries. Evoqua has recently pledged to double the amount of water it treats for reuse and reclamation to 5 billion gallons of water per day by 2021. The company has also said that it will make an R&D investment of at least US$50 million over the next five years to further develop technologies to improve the world’s water. For further information, visit www.evoqua.com and www.neptunebenson.com
COMMENT Neptune Benson brings a portfolio of strong brands and technologies and appears to fit well with Evoqua Water Technologies as it executes on its ambitious goals. ■
Dow’s Jubail facility ships first RO elements
D
ow Water & Process Solutions’ (DW&PS) new manufacturing facility in Jubail, Saudi Arabia has shipped its first batch of Dow Filmtec reverse osmosis (RO) elements. The RO production facility came on-stream in December 2015 to serve the
local Saudi Arabian market and to help meet growing demand for RO in the Middle East and Africa, as well as in Eastern Europe, India, China and Southeast Asia. “Through rapid urban economic growth, annual domestic water demand in the Continued on page 2...
Contents Company Profile Ahlstrom Donaldson
6 7
Company Watch Ceco Environmental Cummins FLSmidth H2O Innovation Hyflux Ovivo Pentair Xylem
8 8 9 9 10 10 11 11
Diary
15
Dividends Exchange Rates
5 16
Feature In Brief
4
Financial Calendar
14
New Product Developments
14
News Evoqua to acquire Neptune Benson 1 Dow’s Jubail facility ships first RO elements 1 Porvair opens new base in China 2 Evonik Industries expands membrane business 2 H2O Innovation forms Mexican partnership 3 Spiral Water relocates to larger facility 3 Oasys Water establishes Dubai office 3 Chemviron Carbon celebrates opening of UK reactivation plant 3 Polymem builds membrane production line 4 Grundfos significantly improves profitability 4 Weir Minerals invests in new technical centre in Australia 4 Pentair wins “Water Innovator of the Year” award 5 Cummins to set up distribution JV in the Middle East 5 Hitachi to merge Singapore water subsidiaries 16 Pentair plans centres to reduce, reuse and recover water 16
Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/16 © 2016 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.