Waterlink Sells its Aero-Mod Subsidiary
Waterlink, Inc. has sold its Aero-Mod Incorporated subsidiary located in Manhattan, Kansas to Resi Enterprises. Aero-Mod had approximately $6 million in annual revenues and was part of the Companys Biological Wastewater Treatment Division.
The company will continue to operate its Biological division, headquartered in Fall River, MA. The transaction is not expected to have a material impact on the Companys operating profit but will result in an estimated pre-tax loss of approximately $1.7 million that will be reported in the Companys results for the fiscal year ending September 30, 2000.