Cartridge filter company acquisition

| Cleanrooms and Contamination Control

Keystone cartridge filters

Porvair broadens its filtration activities with the acquisition of a US company specialising in filter cartridges for water, drinks and chemicals.

Porvair Filtration Group has made a cash acquisition of Keystone Filter, a division of CECO Environmental, including the the goodwill, business and trading assets of the company.

Keystone designs and manufactures a range of filter cartridges and housings for the food and beverage, drinking waterand chemical process markets in the USA.

Keystone reported revenues of approximately $4 million in the year ending on 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 said: “The acquisition of Keystone increases our presence in the USA, 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.”

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