MONTREAL - GROUPE LAPERRIERE & VERREAULT has acquired all shares of ENVIROQUIP, based in Austin, Texas, at a cost of $22.8 million, financed by GL&V's available cash and credit facilities.
With annual sales of approximately $25 million, Enviroquip produces water and wastewater treatment equipment, mainly for municipalities. In addition to various aeration, filter underdrain, aerobic digestion, belt filter press and clarifier systems, Enviroquip holds the exclusive U.S. municipal market licence for the Submerged Membrane Unit developed by the Japanese multinational Kubota, which is increasingly in demand by North American municipalities.
The combination of Enviroquip's products and Kubota's membrane provides it with an edge in the marketplace, as it enables it to offer municipalities complete cost-effective solutions. (GL&V has been the exclusive Kubota membrane licensee in Canada for the municipal market since 2004.)
Founded in 1975, GL&V is a world leader in liquid/solid separation technologies used in a large number of industrial, municipal and environmental processes. The Process Group (Dorr-Oliver Eimco) offers an extensive selection of liquid/solid separation solutions intended for metal and ore processing, as well as industrial and environmental processes used in various other markets such as pulp and paper, energy, chemicals, petrochemicals and food processing. For further information visit www.glv.com.