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Filtrox to sell its engineering business to Bucher Unipektin
filtration
industryANALYST ISSN 1365-6937 February 2013
www.filtrationindustryanalyst.com
Filtrox to sell its engineering business to Bucher Unipektin
B
ucher Unipektin AG has reached an agreement with the Filtrox Group to acquire Filtrox Engineering AG, a specialist in beer filtration. Filtrox Engineering, which is based in St Gallen, Switzerland, also provides microfiltration for the food and beverage industries. The Filtrox Engineering product portfolio includes candle filters, ceramic crossflow filtration systems and horizontal leaf filters. With annual sales of around CHF30 million, Filtrox Engineering has 35 employees in St Gallen and in Shanghai, China. All employees will be retained following the takeover and Jürg Zuber will continue in his role as managing director of Filtrox Engineering. The St Gallen site will remain intact, while sales and project engineering in Shanghai will be integrated into Bucher Unipektin’s Chinese operation in Beijing. Niederweningen, Switzerlandheadquartered Bucher Unipektin, a subsidiary of Bucher Industries, manufactures machinery and equipment, including
filtration, for the production of fruit juice, fruit juice concentrates and instant products. The company also makes systems for dewatering sewage sludge. The St Gallen-headquartered Filtrox Group will now focus on its established filter media and equipment business serving the beverage, food, pharmaceutical, biotech, cosmetics and chemical industries. The company’s product portfolio includes filter sheets, filter modules, filter cartridges, filter aids and housings, sheet filters and ceramic crossflow filter equipment. For further information, visit www.filtrox.com, www. bucherunipektin.com and www.bucherindustries.com
M
Company Profile Asahi Kasei H2O Innovation
7 8
Company Watch Alfa Laval Clarcor Parker Hannifin Porvair Sartorius United Envirotech
9 9 10 10 11 11
Diary
15
Dividends Exchange Rates
4 16
Feature – Mergers & Acquisitions Review 2012 5–6 Financial Calendar
14
COMMENT
New Product Developments
14
The acquisition of Filtrox Engineering strengthens Bucher Unipektin’s beverage technology business and gives the company access to the global beer market. ■
Filtrox to sell its engineering business to Bucher Unipektin Modern Water raises £10mn to fund expansion in China and Middle East Dow realigns mining business with oil & gas unit Genesis Capital takes majority stake in Czech Republic’s KS Klima-Service Hitachi to merge Hitachi Plant Technologies Management buyout for Pacific Consolidated Industries CapStreet recapitalises TF Hudgins Hydro partners with Russian water engineering company New head office for Ahlstrom Aviall to distribute Sofrance filtration products SKF seals Blohm + Voss acquisition Xylem plans new HQ Mitsubishi Rayon signs MBR distribution agreement in Vietnam Baldwin Filters builds new distribution centre in Nebraska RoboVent expands in Midwest with Bisco acquisition
Modern Water raises £10mn to fund expansion in China and Middle East odern Water plc has raised £10.0 million through a placing of 20 million new ordinary shares with both new and existing institutional shareholders. The £9.5 million net placing proceeds will help Modern Water to commercialise its forward osmosis technology, particularly in China and the Middle East, and to also grow the company’s monitoring business. Neil McDougall, Modern Water executive chairman, said they were delighted by the strong support, demonstrated by both existing and new shareholders, for the
Contents
fundraising, which was oversubscribed. “This is a great vote of confidence in Modern Water. The funds raised will enable us to increase the level and reach of market activities and invest in our growth strategy in key markets, with a particular focus on activities in China. We intend to invest in further improvements in membrane efficiency for the Membrane Processes Division and to expand the Monitoring Division through acquisitions,” said McDougall. For further information, visit www.modernwater.co.uk
News 1 1 2 2 2 3 3 3 3 4 4 4 4 16 16
Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/13 © 2013 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 February 2013
www.filtrationindustryanalyst.com
Filtrox to sell its engineering business to Bucher Unipektin
B
ucher Unipektin AG has reached an agreement with the Filtrox Group to acquire Filtrox Engineering AG, a specialist in beer filtration. Filtrox Engineering, which is based in St Gallen, Switzerland, also provides microfiltration for the food and beverage industries. The Filtrox Engineering product portfolio includes candle filters, ceramic crossflow filtration systems and horizontal leaf filters. With annual sales of around CHF30 million, Filtrox Engineering has 35 employees in St Gallen and in Shanghai, China. All employees will be retained following the takeover and Jürg Zuber will continue in his role as managing director of Filtrox Engineering. The St Gallen site will remain intact, while sales and project engineering in Shanghai will be integrated into Bucher Unipektin’s Chinese operation in Beijing. Niederweningen, Switzerlandheadquartered Bucher Unipektin, a subsidiary of Bucher Industries, manufactures machinery and equipment, including
filtration, for the production of fruit juice, fruit juice concentrates and instant products. The company also makes systems for dewatering sewage sludge. The St Gallen-headquartered Filtrox Group will now focus on its established filter media and equipment business serving the beverage, food, pharmaceutical, biotech, cosmetics and chemical industries. The company’s product portfolio includes filter sheets, filter modules, filter cartridges, filter aids and housings, sheet filters and ceramic crossflow filter equipment. For further information, visit www.filtrox.com, www. bucherunipektin.com and www.bucherindustries.com
M
Company Profile Asahi Kasei H2O Innovation
7 8
Company Watch Alfa Laval Clarcor Parker Hannifin Porvair Sartorius United Envirotech
9 9 10 10 11 11
Diary
15
Dividends Exchange Rates
4 16
Feature – Mergers & Acquisitions Review 2012 5–6 Financial Calendar
14
COMMENT
New Product Developments
14
The acquisition of Filtrox Engineering strengthens Bucher Unipektin’s beverage technology business and gives the company access to the global beer market. ■
Filtrox to sell its engineering business to Bucher Unipektin Modern Water raises £10mn to fund expansion in China and Middle East Dow realigns mining business with oil & gas unit Genesis Capital takes majority stake in Czech Republic’s KS Klima-Service Hitachi to merge Hitachi Plant Technologies Management buyout for Pacific Consolidated Industries CapStreet recapitalises TF Hudgins Hydro partners with Russian water engineering company New head office for Ahlstrom Aviall to distribute Sofrance filtration products SKF seals Blohm + Voss acquisition Xylem plans new HQ Mitsubishi Rayon signs MBR distribution agreement in Vietnam Baldwin Filters builds new distribution centre in Nebraska RoboVent expands in Midwest with Bisco acquisition
Modern Water raises £10mn to fund expansion in China and Middle East odern Water plc has raised £10.0 million through a placing of 20 million new ordinary shares with both new and existing institutional shareholders. The £9.5 million net placing proceeds will help Modern Water to commercialise its forward osmosis technology, particularly in China and the Middle East, and to also grow the company’s monitoring business. Neil McDougall, Modern Water executive chairman, said they were delighted by the strong support, demonstrated by both existing and new shareholders, for the
Contents
fundraising, which was oversubscribed. “This is a great vote of confidence in Modern Water. The funds raised will enable us to increase the level and reach of market activities and invest in our growth strategy in key markets, with a particular focus on activities in China. We intend to invest in further improvements in membrane efficiency for the Membrane Processes Division and to expand the Monitoring Division through acquisitions,” said McDougall. For further information, visit www.modernwater.co.uk
News 1 1 2 2 2 3 3 3 3 4 4 4 4 16 16
Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/13 © 2013 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.