Strategic fit expected to spur job growth, market expansion
Brockville, ON – (June 10, 2014) 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 for newterra as a whole,” said newterra president, Robert Kennedy.
He said he foresees a bright future for the water division as part of newterra because 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 with newterra’s existing clients in the mining sector and other markets. The acquired business also brings additional market opportunities for newterra’s modular 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 of newterra, 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 under newterra.
“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.”
For information about newterra’s new industrial water treatment capabilities, visit: industrial.newterra.com
newterra is a leading provider of decentralized water and wastewater treatment solutions to the resource, private development and municipal markets. With its suite of patented and proprietary technologies, newterra offers a broad range of solutions to the world’s most demanding industrial end users including mining, and oil & gas. newterra’s capabilities newterra’s capabilities – from design & engineering to manufacturing in its own facilities – allow the company to maintain full control over the quality and on-time delivery of its systems. With operations in Canada, the United States, Germany and Chile, newterra can address its customers’ needs on a global basis. newterra has achieved Platinum status as a distinguished recipient of Deloitte’s 50 Best Managed Companies Award for the past seven consecutive years. The company was also selected from over 9,000 firms as a 2013 Global Cleantech Top 100 Company.
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