newterra acquires Crane Co.’s water division

newterra, a global leader in designing and manufacturing modular water treatment systems, announced today that it has acquired the business of Crane Water from diversified industrial manufacturer, Crane Co.

newterra, a privately held Canadian company, adds the US-based maker of water treatment equipment to its sales/engineering and manufacturing facilities in Canada, the U.S. and Europe. The move brings its employee count to almost 250 people worldwide.

"We see the acquisition being a catalyst for job growth and efficiency for the operations in Trooper, PA, in Venice, FL, and fornewterraas a whole," saidnewterrapresident, Robert Kennedy.

He said he foresees a bright future for the water division as part ofnewterrabecause they share the same focus - clean water. The acquisition brings valuable expertise in important water technologies, including reverse osmosis, ion exchange, deionization, and deaeration - opening new opportunities withnewterra'sexisting clients in the mining sector and other markets. The acquired business also brings additional market opportunities fornewterra'smodular treatment offerings for potable and process water, sewage, wastewater and groundwater.

While the name Crane Water will disappear, with the company becoming an operating unit ofnewterra, the trusted Cochrane and Chicago Heater brands will carry on. The acquired business has sales and engineering offices in Trooper, PA, and in Venice, FL, where it also manufactures reverse osmosis (RO) filtration systems. Those locations will continue operations undernewterra.

"One of the keys to our ongoing success is having full control of our processes," said Kennedy. "This acquisition builds on that approach - adding tremendous engineering horsepower to our team, and bringing RO production in-house. It's an excellent fit with where we're going as an organization."

Source

Media

Taxonomy

• Joint Venture
• Clean Tech