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GEA secures loan to fund separator plant
NEWS to be a part of their team,” said Huntington managing partner Morgan Miller. “Huntington Capital has proven to be an excellent financial partner over the years,” added Robert Lackey Sr. “We have a tremendous amount of respect and trust in the Huntington team and look forward to building our companies with them in the future.” For further information, visit www.huntingtoncapital.com and www.plexuscap.com
Gryphon Investors acquires majority stake in K&N Engineering
Cantel Medical in 3-for-2 stock split
GEA secures loan to fund separator plant
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EA Group AG will use a E56 million loan from Kreditanstalt für Wiederaufbau (KfW) to build a state-of-the-art separator plant at Oelde, Germany. GEA Group recently expanded its financing options with the 5-year loan at a reduced rate of interest from KfW. The construction project is being supported by the KfW Environmental and Energy Efficiency Program. “We are delighted that we qualified for this loan program and that our increasing ability to compete within Germany will be supported by a loan at a favourable rate of interest from a lender with an excellent credit rating,” said Dr Helmut Schmale, CFO of GEA Group.
antel Medical Corp’s board of directors has declared a 3-for-2 stock split payable on 1 February 2012 to holders of record at the close of business on 23 January 2012. Andrew Krakauer, Cantel Medical president and CEO, said: “The stock split reflects our confidence in the future operating results and cash flows of the company, as well as our ongoing determination to build longterm shareholder value. The stock split will increase the float and provide greater liquidity for shareholders.” Cantel Medical’s products include hollow fibre membrane filtration and separation products for medical and non-medical applications.
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For further information, visit www.geagroup.com
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an Francisco-based private equity firm Gryphon Investors has bought a majority interest in K&N Engineering, a provider of air and oil filtration products for the automobile industry. Jerry Mall, one of the founders of K&N, and the current management will continue to hold a significant investment in the filter company. Founded in 1964 and based in Riverside, California, K&N specialises in washable performance air filters and air intake systems. The company also has operations in the UK and the Netherlands. K&N sells more than 2 million filters each year designed for cars, trucks, motorcycles, engines and industrial applications in over 30 countries. Keith Stimson, Gryphon Partner and head of its Consumer Products and Services Group, said they looked forward to working with K&N’s talented management team to further build its brand in the US, while accelerating its international expansion.
For further information, visit www.knfilters.com and www.gryphoninvestors.com
January 2012
For further information, visit www.cantelmedical.com
GLV refinances credit facilities
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LV Inc has renewed its credit facilities for the next five years. The multiǦjurisdictional and multiǦcurrency financing is comprised of a C$100 million revolving credit facility to finance the company’s ordinary course of business, and a C$100 million revolving letter of credit facility. The financing agreement includes an accordion feature providing for an additional C$50 million, giving the company the flexibility to pursue its growth strategy. “We are pleased to have completed the renewal of our credit facilities at favourable terms, demonstrating the confidence and strong support of our financial partners to the company,” said Richard Verreault, GLV president and CEO. “This new agreement provides us with sufficient financial capacity to support our ongoing and future projects.”
For further information, visit www.glv.com
Mantec consolidates ceramic companies
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antec subsidiaries Taylor Tunnicliff, Ceramic Gas Products and Fairey Filtration Systems have been merged into a single business Mantec Technical Ceramics Ltd. The three companies have been operating under common management, from the same premises, for the past four years. Mantec Technical Ceramics sales and marketing director Paul Hipkiss said: “This merger establishes a stronger and at the same time more flexible presence in the global technical ceramics market. This move will enable us to redouble our efforts in constantly striving for manufacturing excellence and we remain committed to bringing specialist ceramic solutions to a variety of user industries all around the world.” In terms of filtration, the Star-Sep and Puremet brand names will be carried forward by Mantec Technical Ceramics.
For further information, visit www.mantectechnicalceramics.com
Filtration Industry Analyst
3
Gryphon Investors acquires majority stake in K&N Engineering
Cantel Medical in 3-for-2 stock split
GEA secures loan to fund separator plant
C
EA Group AG will use a E56 million loan from Kreditanstalt für Wiederaufbau (KfW) to build a state-of-the-art separator plant at Oelde, Germany. GEA Group recently expanded its financing options with the 5-year loan at a reduced rate of interest from KfW. The construction project is being supported by the KfW Environmental and Energy Efficiency Program. “We are delighted that we qualified for this loan program and that our increasing ability to compete within Germany will be supported by a loan at a favourable rate of interest from a lender with an excellent credit rating,” said Dr Helmut Schmale, CFO of GEA Group.
antel Medical Corp’s board of directors has declared a 3-for-2 stock split payable on 1 February 2012 to holders of record at the close of business on 23 January 2012. Andrew Krakauer, Cantel Medical president and CEO, said: “The stock split reflects our confidence in the future operating results and cash flows of the company, as well as our ongoing determination to build longterm shareholder value. The stock split will increase the float and provide greater liquidity for shareholders.” Cantel Medical’s products include hollow fibre membrane filtration and separation products for medical and non-medical applications.
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For further information, visit www.geagroup.com
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an Francisco-based private equity firm Gryphon Investors has bought a majority interest in K&N Engineering, a provider of air and oil filtration products for the automobile industry. Jerry Mall, one of the founders of K&N, and the current management will continue to hold a significant investment in the filter company. Founded in 1964 and based in Riverside, California, K&N specialises in washable performance air filters and air intake systems. The company also has operations in the UK and the Netherlands. K&N sells more than 2 million filters each year designed for cars, trucks, motorcycles, engines and industrial applications in over 30 countries. Keith Stimson, Gryphon Partner and head of its Consumer Products and Services Group, said they looked forward to working with K&N’s talented management team to further build its brand in the US, while accelerating its international expansion.
For further information, visit www.knfilters.com and www.gryphoninvestors.com
January 2012
For further information, visit www.cantelmedical.com
GLV refinances credit facilities
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LV Inc has renewed its credit facilities for the next five years. The multiǦjurisdictional and multiǦcurrency financing is comprised of a C$100 million revolving credit facility to finance the company’s ordinary course of business, and a C$100 million revolving letter of credit facility. The financing agreement includes an accordion feature providing for an additional C$50 million, giving the company the flexibility to pursue its growth strategy. “We are pleased to have completed the renewal of our credit facilities at favourable terms, demonstrating the confidence and strong support of our financial partners to the company,” said Richard Verreault, GLV president and CEO. “This new agreement provides us with sufficient financial capacity to support our ongoing and future projects.”
For further information, visit www.glv.com
Mantec consolidates ceramic companies
M
antec subsidiaries Taylor Tunnicliff, Ceramic Gas Products and Fairey Filtration Systems have been merged into a single business Mantec Technical Ceramics Ltd. The three companies have been operating under common management, from the same premises, for the past four years. Mantec Technical Ceramics sales and marketing director Paul Hipkiss said: “This merger establishes a stronger and at the same time more flexible presence in the global technical ceramics market. This move will enable us to redouble our efforts in constantly striving for manufacturing excellence and we remain committed to bringing specialist ceramic solutions to a variety of user industries all around the world.” In terms of filtration, the Star-Sep and Puremet brand names will be carried forward by Mantec Technical Ceramics.
For further information, visit www.mantectechnicalceramics.com
Filtration Industry Analyst
3