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A report by McIlvaine Co. lists mergers and acquisitions in the $6-billion liquid macrofiltration market
McIlvaine has identified a distinct liquid macrofiltration market which will generate revenues of $6 billion this year. The market is undergoing transformation due to a number of acquisitions. Here are some of them as identified in the continuous online McIlvaine report, Liquid Filtration and Media: World Markets.
Effective May 3, 2013, Clear Edge was acquired by Filtration Group Corp. Filtration Group will have revenues in excess of $700 MM including Clear Edge. Clear Edge will be part of the Liquid Process Division within Filtration Group which also includes Global Filter and Jonell. Clear Edge will continue to be headquartered in Tulsa, Okla., and operate throughout the world focused on mining and minerals, chemical processing, wastewater treatment and bulk food and beverage markets, among other specialized markets and applications.
Passavant-Geiger GmbH, a wholly owned subsidiary of Bilfinger SE, has acquired Johnson Screens. The two companies will form the Bilfinger Water Technologies Group, to be headquartered in Aarbergen, Germany. Johnson Screens has revenues of approximately $210 million.
As a result of the take-over, Passavant-Geiger will double its revenue to more than $390 million. The newly formed Bilfinger Water Technologies will include Passavant Water Technologies, Roediger, Airvac Water Technologies, Johnson Screens, Bilfinger and China's Bilfinger Passavant Water Technologies (Hangzhou). The new group will have about 1,750 employees at 31 locations in 17 countries.
Vance Street Capital LLC has acquired a majority interest in Micronics Inc. Micronics' management team will also have a significant ownership stake in the business. Terms of the transaction were not disclosed. The Micronics transaction represents Vance Street's seventh platform acquisition in its current fund.
Siemens has expanded its dewatering product line with the acquisition of Industrial Process Machinery (IPM). Siemens Water will offer IPM's high-capacity filter presses for slurry dewatering worldwide. The IPM filter press will be incorporated into the existing Siemens dewatering product portfolio, which includes the J-Press line of filter presses.
Cincinnati-based CECO Environmental Corp., acquired Met-Pro Corp. in a deal valued at approximately $210 million. CECO said the acquisition creates a company that would have a leading share in the global market for air pollution control, product recovery and fluid handling technology. It also expands the company's product lineup and worldwide customer base.
WesTech Eng. Inc. is reintroducing the Microfloc and General Filter brands to the municipal water treatment market. WesTech acquired the product lines from Siemens in September 2012 and believes the brand names went under-promoted under Siemens. The brand reintroduction initiative recognizes the solid reputation the brands hold and honors their successful legacy.
Nederman has acquired Environmental Filtration Technologies (EFT). EFT markets filtration products under the brand names of MikroPul, Menardi, Filtrex, LCI and Pneumafil. The EFT group has the majority of its sales in North America with subsidiaries in Australia, Germany and France. EFT is a major supplier of filter cloths. The acquisition will strengthen Nederman's position in North American and Australia. The purchase price was approximately MSEK 249 (US$39 million). EFT had sales of MSEK 834 (US$130 million) in 2011, with a workforce of 385.
Alfa Laval has expanded in wastewater treatment portfolio with the acquisition of belt filter press manufacturer Ashbrook Simon-Hartley. Alfa Laval president and CEO, Lars Renström, said: "With this acquisition we are adding a complementary and expanded range of products and solutions further strengthening our offer for municipal and industrial wastewater treatment applications."
Salsnes Filter AS of Namsos, Norway, will join the group of businesses owned by Ontario-based Trojan Technologies.