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Nederman acquires Danish ducting systems maker Industriventilation
NEWS/DIVIDENDS (DW&PS) to use Ahlstrom’s Disruptor technology in drinking water applications. DW&PS will incorporate Ahlstrom’s high performance Disruptor filter medium into a new set of drinking water purification products that provide excellent pathogen rejection while operating at high flow and low pressure. Ahlstrom’s Disruptor is a nanoalumina technology designed for a wide range of water filtration applications. “One of the key goals in our product development is to create products that purify air and liquids in a sustainable way. We are excited about the opportunity to work with Dow since we see a wealth of opportunities for providing pure water solutions through combining our expertise with Dow’s industry-leading product offering,” said Fulvio Capussotti, Ahlstrom’s executive vice president of Advanced Filtration. “Global trends such as population growth and urbanization put pressure on already strained water sources,” said Snehal Desai, global business director for DW&PS. “We see a real need for new innovations to expand access to clean safe drinking water in an easy, effective and sustainable way. Our collaboration with Ahlstrom extends our product offering to people who need effective water treatment but may not have access to pumps or electricity.” For further information, visit www.ahlstrom.com and www.dowwaterandprocess.com
Mar Cor Purification buys Siemens’ hemodialysis water business
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antel Medical Corp subsidiary Mar Cor Purification is expanding its water purification and filtration operations with the purchase of Siemens Water Technologies’ hemodialysis water business unit. With about 600 dialysis customers in the US and Canada and 2012 revenue of approximately US$9 million, the acquisition significantly expands Mar Cor Purification’s North American footprint. Curtis Weitnauer, president and CEO of Mar Cor Purification, said: “The acquisition of the Siemens hemodialysis water customer
March 2013
base enables Mar Cor to realise increased efficiencies from our existing field service operations while also expanding our footprint into new geographies. With this geographic expansion, Mar Cor will further improve its ability to service its large national customers. We look forward to continuing to provide our unique dialysis products and services to our new and existing customers.” “This acquisition strengthens our position as a leading provider of water purification products and services to the dialysis industry,” said Cantel Medical president and CEO Andrew Krakauer. “We remain confident that our water purification and filtration segment will continue to demonstrate industry leading performance.” For further information, visit www.mcpur.com and www.cantelmedical.com
Nederman acquires Danish ducting systems maker Industriventilation
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ederman has bought Industriventilation A/S, a Danish manufacturer of ducting systems for industrial applications. Ducting systems are key components in Nederman’s solutions for industrial air filtration. The Industriventilation acquisition strengthens Nederman’s existing ducting system business, marketed globally under the NORDFAB name. Founded in 1996, Industriventilation has 15 employees and reported sales of DKK12 million in 2012. The company’s 2500 sq m production site in Havndal, on Denmark’s Jylland peninsula, is not included in the acquisition. Manufacturing, including staff and equipment, will be relocated to Nederman’s site in Assens, also in Jylland, and will be integrated with NORDFAB’s existing manufacturing of ducting systems. This enables Nederman to optimise its site in Assens while establishing a strong base for manufacturing and sales of NORDFAB in Europe. Earlier this year Nederman began trade union negotiations regarding the decommissioning of manufacturing at
Dividends UÊ Xylem Inc’s US$0.1164 per share dividend for the first quarter of 2013 was paid on 20 March 2013 to shareholders of record on 20 February 2013. The dividend payment was a 15% increase on a year ago. “The increased cash dividend returns value to our shareholders, and is made possible through everything we’ve done to maintain a strong balance sheet, improve operating performance significantly and grow cash flow,” said Gretchen McClain, president and CEO of Xylem. www.xyleminc.com UÊ / iÊ Ceco Inc board of directors has approved an 11% increase in the company’s quarterly dividend to US$0.05 per share. The dividend will be paid on 28 March 2013 to shareholders of record on 18 March 2013. Ceco chairman Phillip DeZwirek said: “Our management team, our product breadth and our engineering leadership have provided Ceco with the necessary assets to achieve above-average growth in both profitability and shareholder value in 2013 and beyond. We are confident in our long term prospects and have increased our dividend again to provide additional value for our shareholders.” Ceco initiated a Dividend Reinvestment Plan (DRIP) last year that provides for the voluntary reinvestment of dividends by its stockholders. www.cecoenviro.com UÊ / iÊKaydon Corp board has declared a regular first quarter dividend of US$0.20 per common share, which will be paid on 28 March 2013 to the company’s stockholders of record on 11 March 2013. www.kaydon.com UÊ Sartorius AG will submit a proposal to its Annual Shareholders’ Meeting on 18 April 2013, to pay dividends of E0.96 per preference share and E0.94 per ordinary share. If approved, the total amount paid under the proposal would increase 17.3% on a year ago to E16.2 million. www.sartorius.com UÊ / iÊ >ÌiÃÌÊ Cabot Corp US$0.20 per share quarterly dividend was paid on 15 March 2013, to stockholders of record on 1 March 2013. www.cabotcorp.com
Filtration Industry Analyst
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NEWS Nederman Manufacturing A/S in Assens. An agreement has now been reached to relocate all manufacturing, except for NORDFAB ducting systems, to Nederman’s plants in Poland and Germany. This will result in the loss of 32 jobs. The change will also create extra production space in Assens which will enable increased manufacturing of ducting systems. For further information, visit www.nederman.com and www.industrivent.dk
Calgon Carbon agrees board deal with shareholder
management and board of Calgon Carbon. We believe they will make substantial contributions to the company while serving the best interests of all of its stockholders. We look forward to enhanced value for the benefit of all stockholders.” Starboard, which beneficially owns approximately 9.2% of the outstanding shares of Calgon Carbon’s common stock, announced earlier in the year that it intended to nominate a slate of three director candidates to stand for election at the carbon company’s 2013 annual stockholders meeting. Calgon Carbon has also agreed to amend its shareholder rights agreement to raise the beneficial ownership trigger from 10% to 15%. For further information, visit www.calgoncarbon.com
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algon Carbon Corp has reached an agreement with shareholder Starboard Value LP and its affiliates regarding the composition of its board of directors. Under the terms of the agreement, Calgon Carbon will nominate two new independent directors for stockholder approval at Calgon Carbon’s 2013 annual meeting of shareholders on 1 May 2013. The nominees are Louis Massimo, former executive vice president and chief operating officer (COO) of Arch Chemicals Inc, and Donald Templin, senior vice president and chief financial officer of Marathon Petroleum Corp. Starboard has agreed to vote all of its shares in favour of each of the board’s nominees. A total of four director nominees will stand for election at the meeting, including the two new candidates. Director Robert Cruickshank will be retiring at the end of his term and not standing for re-election. If all nominees are elected, the Calgon Carbon board will be expanded by one seat, to nine directors. Randy Dearth, Calgon Carbon’s president and CEO, said: “We are pleased to have reached a constructive agreement with Starboard resulting in two excellent new candidates as director nominees. Both individuals will further strengthen our board with their considerable operational and financial experience and will contribute to our transformation initiatives as we become a leaner, higher-performance enterprise.” Jeff Smith, CEO of Starboard, said: “The new board candidates are the outcome of productive conversations with the 6
Filtration Industry Analyst
Cabot Norit’s new Texas mine secures operating permits
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abot Norit Activated Carbon has received operating permits for its new mine near Marshall in Texas, USA. The new mine, which will produce lignite for approximately 50 years, is part of Cabot’s strategic plan to meet the anticipated quadrupling of demand for activated carbon for use in the coal-fired utility market. In preparation for the new mine, Cabot has also purchased and relocated a dragline to the new mine site. “The new mine and dragline represent Cabot’s commitment to support and extend our market leadership position in the mercury emission control market,” said Bart Kalkstein, vice president and general manager, Global Emission Control Solutions. “As demand accelerates, having access to a long-term raw material supply is critical for our support of our customers. The new mine will help ensure that we have an uninterrupted supply of lignite well into the future and can meet the quadrupling of market demand.” Cabot has also secured permits and developed plans for seven new manufacturing lines in North America, which will allow Cabot to significantly increase production capacity of its mercury control products. For further information, visit www.cabotcorp.com
Bluewater Bio and NeoTech Aqua Solutions sign licencing agreement
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luewater Bio International has entered into a licencing agreement with NeoTech Aqua Solutions Inc to market the US company’s ultra-efficient, highly advanced UV technologies to industrial and municipal clients. The licence is global, with exclusive territory rights that include the UK and Ireland. NeoTech’s UV technology uses a patented chamber design combined with ReFleX technology which reflects over 99% of the UV generated back into the treated water, continuously until the target contaminant is destroyed. NeoTech, based in San Diego, California, already has more than 300 installations for its patented ultra-efficient UV technology, selling into the food & beverage, bottled water, pharmaceutical, pools & water parks, microelectronics, wastewater, remediation, and municipal drinking water markets, for disinfection and for the elimination of organic contaminants. Bluewater Bio believes there is an excellent growth market for efficient UV technology in territories that they or their partners currently operate in, and that its FilterClear multimedia filtration technology and Neotech UV are ideal complementary technologies for ultraefficient filtration and subsequent disinfection. Daniel Ishag, founder and CEO of Bluewater Bio International, said: “As we look to increase our product platform and service the needs of our ever increasing customer base, this deal signifies an important step in realising that aim. We aspire to be the world’s leading independent water technology provider. I strongly believe that, with Neotech onboard, we are ever closer to achieving this.” NeoTech’s president and CEO Stephen Dunham said: “The NeoTech team welcomes the opportunity to move forward globally in cooperation with Bluewater Bio. The synergistic advantages of leveraging Bluewater Bio’s existing technology, global footprint and corporate assets with NeoTech’s unique technological strengths in UV renders a new, multi-faceted capability that will benefit both companies and particularly the market at large. This is an exciting time of expansion for our respective technologies.” For further information, visit www.bluewaterbio.com and www.NeoTechAqua.com
March 2013
Mar Cor Purification buys Siemens’ hemodialysis water business
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antel Medical Corp subsidiary Mar Cor Purification is expanding its water purification and filtration operations with the purchase of Siemens Water Technologies’ hemodialysis water business unit. With about 600 dialysis customers in the US and Canada and 2012 revenue of approximately US$9 million, the acquisition significantly expands Mar Cor Purification’s North American footprint. Curtis Weitnauer, president and CEO of Mar Cor Purification, said: “The acquisition of the Siemens hemodialysis water customer
March 2013
base enables Mar Cor to realise increased efficiencies from our existing field service operations while also expanding our footprint into new geographies. With this geographic expansion, Mar Cor will further improve its ability to service its large national customers. We look forward to continuing to provide our unique dialysis products and services to our new and existing customers.” “This acquisition strengthens our position as a leading provider of water purification products and services to the dialysis industry,” said Cantel Medical president and CEO Andrew Krakauer. “We remain confident that our water purification and filtration segment will continue to demonstrate industry leading performance.” For further information, visit www.mcpur.com and www.cantelmedical.com
Nederman acquires Danish ducting systems maker Industriventilation
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ederman has bought Industriventilation A/S, a Danish manufacturer of ducting systems for industrial applications. Ducting systems are key components in Nederman’s solutions for industrial air filtration. The Industriventilation acquisition strengthens Nederman’s existing ducting system business, marketed globally under the NORDFAB name. Founded in 1996, Industriventilation has 15 employees and reported sales of DKK12 million in 2012. The company’s 2500 sq m production site in Havndal, on Denmark’s Jylland peninsula, is not included in the acquisition. Manufacturing, including staff and equipment, will be relocated to Nederman’s site in Assens, also in Jylland, and will be integrated with NORDFAB’s existing manufacturing of ducting systems. This enables Nederman to optimise its site in Assens while establishing a strong base for manufacturing and sales of NORDFAB in Europe. Earlier this year Nederman began trade union negotiations regarding the decommissioning of manufacturing at
Dividends UÊ Xylem Inc’s US$0.1164 per share dividend for the first quarter of 2013 was paid on 20 March 2013 to shareholders of record on 20 February 2013. The dividend payment was a 15% increase on a year ago. “The increased cash dividend returns value to our shareholders, and is made possible through everything we’ve done to maintain a strong balance sheet, improve operating performance significantly and grow cash flow,” said Gretchen McClain, president and CEO of Xylem. www.xyleminc.com UÊ / iÊ Ceco Inc board of directors has approved an 11% increase in the company’s quarterly dividend to US$0.05 per share. The dividend will be paid on 28 March 2013 to shareholders of record on 18 March 2013. Ceco chairman Phillip DeZwirek said: “Our management team, our product breadth and our engineering leadership have provided Ceco with the necessary assets to achieve above-average growth in both profitability and shareholder value in 2013 and beyond. We are confident in our long term prospects and have increased our dividend again to provide additional value for our shareholders.” Ceco initiated a Dividend Reinvestment Plan (DRIP) last year that provides for the voluntary reinvestment of dividends by its stockholders. www.cecoenviro.com UÊ / iÊKaydon Corp board has declared a regular first quarter dividend of US$0.20 per common share, which will be paid on 28 March 2013 to the company’s stockholders of record on 11 March 2013. www.kaydon.com UÊ Sartorius AG will submit a proposal to its Annual Shareholders’ Meeting on 18 April 2013, to pay dividends of E0.96 per preference share and E0.94 per ordinary share. If approved, the total amount paid under the proposal would increase 17.3% on a year ago to E16.2 million. www.sartorius.com UÊ / iÊ >ÌiÃÌÊ Cabot Corp US$0.20 per share quarterly dividend was paid on 15 March 2013, to stockholders of record on 1 March 2013. www.cabotcorp.com
Filtration Industry Analyst
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NEWS Nederman Manufacturing A/S in Assens. An agreement has now been reached to relocate all manufacturing, except for NORDFAB ducting systems, to Nederman’s plants in Poland and Germany. This will result in the loss of 32 jobs. The change will also create extra production space in Assens which will enable increased manufacturing of ducting systems. For further information, visit www.nederman.com and www.industrivent.dk
Calgon Carbon agrees board deal with shareholder
management and board of Calgon Carbon. We believe they will make substantial contributions to the company while serving the best interests of all of its stockholders. We look forward to enhanced value for the benefit of all stockholders.” Starboard, which beneficially owns approximately 9.2% of the outstanding shares of Calgon Carbon’s common stock, announced earlier in the year that it intended to nominate a slate of three director candidates to stand for election at the carbon company’s 2013 annual stockholders meeting. Calgon Carbon has also agreed to amend its shareholder rights agreement to raise the beneficial ownership trigger from 10% to 15%. For further information, visit www.calgoncarbon.com
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algon Carbon Corp has reached an agreement with shareholder Starboard Value LP and its affiliates regarding the composition of its board of directors. Under the terms of the agreement, Calgon Carbon will nominate two new independent directors for stockholder approval at Calgon Carbon’s 2013 annual meeting of shareholders on 1 May 2013. The nominees are Louis Massimo, former executive vice president and chief operating officer (COO) of Arch Chemicals Inc, and Donald Templin, senior vice president and chief financial officer of Marathon Petroleum Corp. Starboard has agreed to vote all of its shares in favour of each of the board’s nominees. A total of four director nominees will stand for election at the meeting, including the two new candidates. Director Robert Cruickshank will be retiring at the end of his term and not standing for re-election. If all nominees are elected, the Calgon Carbon board will be expanded by one seat, to nine directors. Randy Dearth, Calgon Carbon’s president and CEO, said: “We are pleased to have reached a constructive agreement with Starboard resulting in two excellent new candidates as director nominees. Both individuals will further strengthen our board with their considerable operational and financial experience and will contribute to our transformation initiatives as we become a leaner, higher-performance enterprise.” Jeff Smith, CEO of Starboard, said: “The new board candidates are the outcome of productive conversations with the 6
Filtration Industry Analyst
Cabot Norit’s new Texas mine secures operating permits
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abot Norit Activated Carbon has received operating permits for its new mine near Marshall in Texas, USA. The new mine, which will produce lignite for approximately 50 years, is part of Cabot’s strategic plan to meet the anticipated quadrupling of demand for activated carbon for use in the coal-fired utility market. In preparation for the new mine, Cabot has also purchased and relocated a dragline to the new mine site. “The new mine and dragline represent Cabot’s commitment to support and extend our market leadership position in the mercury emission control market,” said Bart Kalkstein, vice president and general manager, Global Emission Control Solutions. “As demand accelerates, having access to a long-term raw material supply is critical for our support of our customers. The new mine will help ensure that we have an uninterrupted supply of lignite well into the future and can meet the quadrupling of market demand.” Cabot has also secured permits and developed plans for seven new manufacturing lines in North America, which will allow Cabot to significantly increase production capacity of its mercury control products. For further information, visit www.cabotcorp.com
Bluewater Bio and NeoTech Aqua Solutions sign licencing agreement
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luewater Bio International has entered into a licencing agreement with NeoTech Aqua Solutions Inc to market the US company’s ultra-efficient, highly advanced UV technologies to industrial and municipal clients. The licence is global, with exclusive territory rights that include the UK and Ireland. NeoTech’s UV technology uses a patented chamber design combined with ReFleX technology which reflects over 99% of the UV generated back into the treated water, continuously until the target contaminant is destroyed. NeoTech, based in San Diego, California, already has more than 300 installations for its patented ultra-efficient UV technology, selling into the food & beverage, bottled water, pharmaceutical, pools & water parks, microelectronics, wastewater, remediation, and municipal drinking water markets, for disinfection and for the elimination of organic contaminants. Bluewater Bio believes there is an excellent growth market for efficient UV technology in territories that they or their partners currently operate in, and that its FilterClear multimedia filtration technology and Neotech UV are ideal complementary technologies for ultraefficient filtration and subsequent disinfection. Daniel Ishag, founder and CEO of Bluewater Bio International, said: “As we look to increase our product platform and service the needs of our ever increasing customer base, this deal signifies an important step in realising that aim. We aspire to be the world’s leading independent water technology provider. I strongly believe that, with Neotech onboard, we are ever closer to achieving this.” NeoTech’s president and CEO Stephen Dunham said: “The NeoTech team welcomes the opportunity to move forward globally in cooperation with Bluewater Bio. The synergistic advantages of leveraging Bluewater Bio’s existing technology, global footprint and corporate assets with NeoTech’s unique technological strengths in UV renders a new, multi-faceted capability that will benefit both companies and particularly the market at large. This is an exciting time of expansion for our respective technologies.” For further information, visit www.bluewaterbio.com and www.NeoTechAqua.com
March 2013