Subject: Filtration acquisition activity soars
The filtration business is considered an attractive investment area. There has been lots of acquisition activity in recent months.
Andritz has signed an agreement to buy the Filtration Business of Netzsch. The Netzsch Filtration Business Unit supplies different types of dewatering units, in particular filter presses, for solid/liquid separation in industrial and municipal applications. With approximately 270 employees, it achieves annual sales of about 35 million euro.
Siemens has just closed on the agreement to buy USFilter. The purchase price for the company – which employs around 5,800 individuals and has annual sales of some $1.2 billion – amounted to $993 million.
WICOR has been purchased by Pentair. According to Richard J. Cathcart, president and chief operating officer of Pentair’s Water Technologies Group, “The WICOR acquisition creates a significant water and wastewater systems business with approximately $900 million in sales, a global pool and spa business with nearly $600 million in sales, and a strong filtration and purification business with approximately $500 million in sales.”
The McIlvaine Liquid Filtration and Media: World Markets report provides monthly updates with all the latest acquisition activity, but it also provides forecasts for filter presses, drum filters, bag filters, automatic back wash filters, and belt filters. For more information, click on: http://www.mcilvainecompany.com/water.html#n006 .
Bob McIlvaine
847-784-0012