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Marmon Water expands with KX Industries acquisition
filtration
industryANALYST ISSN 1365-6937 August 2007
www.filtrationindustryanalyst.com
Contents
Marmon Water expands with KX Industries acquisition
Company Profile
M
Company Watch
armon Water LLC has acquired the assets of KX Industries Ltd Partnership, a US supplier of residential water filtration systems. Based in Orange, Connecticut, KX supplies extruded carbon block used in residential filtration systems and refrigeration filtration. “We see great growth opportunities in a business that helps meet the universal need for clean, safe, affordable water in an environmentally responsible way,” Marmon Water president John Goody said. “Carbon filtration systems remove impurities while leaving important water-soluble minerals, and the cost benefits of using tap water speak for themselves. What’s more, filtered tap water is a clear alternative to the waste inherent in the manufacture and disposal of plastic bottles.” The KX business will operate as KX Technologies LLC. Marmon Water, which is part of the US$7 billion-revenue Marmon Group, comprises more than a dozen companies that supply water treatment and
filtration products and systems to residential and industrial customers globally. Marmon Water operates three groups: The Residential Group which includes US-based EcoWater Systems and affiliates in China, Singapore, Europe and Canada; the Separations Technology Group which now covers KX Technologies and Graver Technologies; and the Industrial Group which incorporates Ecodyne Ltd, Ecodyne Water Treatment, Graver Water Systems, Ecodyne MRM, Ecodyne UET and Amarillo Gear Co. For further information, visit www.marmon.com
COMMENT KX brings complementary technology to Marmon Water’s existing capabilities in both residential and industrial ion exchange based products (see Filtration Industry Analyst, March 2007). ■
all Corp says its annual and quarterly financial statements for the fiscal years 1999 through 2006 and for the first three quarters of fiscal 2007 should no longer be relied upon and that a restatement of some or all of those financial statements will be required. The announcement follows an inquiry by the audit committee of Pall’s board of directors into an understatement of US income tax payments and of its provision for income taxes. The understatement - which could be in excess of US$130 million - relates to the
taxation of certain inter-company payable balances that mainly resulted from sales of products by a foreign subsidiary of the company to a US subsidiary. “We are working diligently with the audit committee and our auditors to resolve this matter. We are retaining a sharp focus on the operating performance of the business as we serve our global customer base across the Life Sciences and Industrial landscape,” said Eric Krasnoff, Pall’s chairman and chief executive officer (CEO). For further information visit www.pall.com
6 7 8
Alfa Laval Ahlstrom Cantel Medical Clarcor H2O Innovation Porvair
9 9 10 10 11 11
Diary
15
Dividends
11
Exchange Rates
14
Financial Calendar
14
In Brief Index
Pall to restate financial statements
P
Camfil Farr Ceco Environmental Whatman
New Product Developments News
5,13 2 14
Marmon Water expands with KX Industries acquisition Pall to restate financial statements FLSmidth closes GL&V Process acquisition Lydall Filtration expands production capabilities Kruger teams up with Norit X-Flow on ultrafiltration Seprotech signs Mexican production, distribution agreement Salnes selects Blue Water ITT Wedeco, Air Products to jointly market capabilities Omnipure partners with Agion Technologies Emergency Filtration Products, Applied Nanoscience to merge Toray to expand Romembra RO membrane capacity Ecosphere makes US$8 million technology sale Epure to acquire Beijing Hi-Standard Water Treatment Co Calgon Carbon outlines mercury removal strategy MAC on track
16 16
Orders & Contracts
12
People & Appointments
13
1 1 2 2 2 3 3 3 3 4 4 5 5
ISSN 1365-6937/07 © 2007 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 August 2007
www.filtrationindustryanalyst.com
Contents
Marmon Water expands with KX Industries acquisition
Company Profile
M
Company Watch
armon Water LLC has acquired the assets of KX Industries Ltd Partnership, a US supplier of residential water filtration systems. Based in Orange, Connecticut, KX supplies extruded carbon block used in residential filtration systems and refrigeration filtration. “We see great growth opportunities in a business that helps meet the universal need for clean, safe, affordable water in an environmentally responsible way,” Marmon Water president John Goody said. “Carbon filtration systems remove impurities while leaving important water-soluble minerals, and the cost benefits of using tap water speak for themselves. What’s more, filtered tap water is a clear alternative to the waste inherent in the manufacture and disposal of plastic bottles.” The KX business will operate as KX Technologies LLC. Marmon Water, which is part of the US$7 billion-revenue Marmon Group, comprises more than a dozen companies that supply water treatment and
filtration products and systems to residential and industrial customers globally. Marmon Water operates three groups: The Residential Group which includes US-based EcoWater Systems and affiliates in China, Singapore, Europe and Canada; the Separations Technology Group which now covers KX Technologies and Graver Technologies; and the Industrial Group which incorporates Ecodyne Ltd, Ecodyne Water Treatment, Graver Water Systems, Ecodyne MRM, Ecodyne UET and Amarillo Gear Co. For further information, visit www.marmon.com
COMMENT KX brings complementary technology to Marmon Water’s existing capabilities in both residential and industrial ion exchange based products (see Filtration Industry Analyst, March 2007). ■
all Corp says its annual and quarterly financial statements for the fiscal years 1999 through 2006 and for the first three quarters of fiscal 2007 should no longer be relied upon and that a restatement of some or all of those financial statements will be required. The announcement follows an inquiry by the audit committee of Pall’s board of directors into an understatement of US income tax payments and of its provision for income taxes. The understatement - which could be in excess of US$130 million - relates to the
taxation of certain inter-company payable balances that mainly resulted from sales of products by a foreign subsidiary of the company to a US subsidiary. “We are working diligently with the audit committee and our auditors to resolve this matter. We are retaining a sharp focus on the operating performance of the business as we serve our global customer base across the Life Sciences and Industrial landscape,” said Eric Krasnoff, Pall’s chairman and chief executive officer (CEO). For further information visit www.pall.com
6 7 8
Alfa Laval Ahlstrom Cantel Medical Clarcor H2O Innovation Porvair
9 9 10 10 11 11
Diary
15
Dividends
11
Exchange Rates
14
Financial Calendar
14
In Brief Index
Pall to restate financial statements
P
Camfil Farr Ceco Environmental Whatman
New Product Developments News
5,13 2 14
Marmon Water expands with KX Industries acquisition Pall to restate financial statements FLSmidth closes GL&V Process acquisition Lydall Filtration expands production capabilities Kruger teams up with Norit X-Flow on ultrafiltration Seprotech signs Mexican production, distribution agreement Salnes selects Blue Water ITT Wedeco, Air Products to jointly market capabilities Omnipure partners with Agion Technologies Emergency Filtration Products, Applied Nanoscience to merge Toray to expand Romembra RO membrane capacity Ecosphere makes US$8 million technology sale Epure to acquire Beijing Hi-Standard Water Treatment Co Calgon Carbon outlines mercury removal strategy MAC on track
16 16
Orders & Contracts
12
People & Appointments
13
1 1 2 2 2 3 3 3 3 4 4 5 5
ISSN 1365-6937/07 © 2007 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.