Porvair Filtration Group, has recently 1st March, acquired Keystone Filter, a division of CECO Environmental Corp (CECO).
The Company has acquired the goodwill, business and trading assets of Keystone for cash.
Keystone designs and manufactures a range of filter cartridges and housings for the food and beverage, drinking water, and chemical process markets in the USA.
Keystone reported revenue of approximately $4M in the year ended 31 December 2017. As part of this acquisition, the Group has entered into a transition services agreement with CECO to transfer the business to its plant in Ashland, Virginia, over the next few months.
Ben Stocks, Chief Executive of Porvair plc, said: "The acquisition of Keystone increases [our] presence in the US, broadening [our] markets and providing a range of cross selling opportunities. Keystone brings sales expertise, distribution and a broad customer base for whom Porvair's wider product range will be attractive."
About Porvair Filtration Group
Porvair Filtration Group is an international leader in the development and supply of high performance, innovative materials and solutions for applications in filtration and separation.
Porvair manufactures in both the UK and USA and has an extensive network of sales offices and distribution channels throughout the world. Its expertise in a wide range of media and the dedication of its design, manufacturing, sales, test and research teams ensure it is at the forefront of filtration technology.
For over 50 years Porvair has delivered world class performance to the most demanding of environments, including OEM, Aerospace and Defence, Nuclear, Energy, Chemical and Industrial Process.
SOURCE: Porvair Filtration Group