• Deal unites leading players in grit-removal market, bolsters Hydro's wastewater product portfolio
PORTLAND, ME, May 6, 2008 -- Hydro International, a leading provider of environmentally sustainable products and innovative solutions that control and treat stormwater, wastewater and combined sewer overflows, has announced the purchase of Eutek Systems Inc.
Founded in the early 1970s, Portland, Oregon-based Eutek is a leading provider of high-performance equipment that removes fine grit, sugar sands, abrasives and fixed solids from wastewater streams.
The deal pairs two experienced designers and suppliers of innovative, non-mechanical vortex grit-removal systems, giving customers a wider range of product choices and the market-leading strength of a combined business with annual revenues of approximately $60 million.
"This acquisition is a perfect fit for Hydro, giving us expanded market share in the U.S., a West Coast base of operations, and product technologies that complement our existing wastewater grit-removal portfolio," said Steve Hides, CEO of Hydro International. "The market for grit-removal systems is expanding, driven by the growing need to upgrade and replace aging equipment and the rising demand for more efficient systems to remove grit from wastewater flows. We look forward to tapping our combined sets of expertise to capitalize on this exciting market opportunity."
Hydro plans to maintain the Eutek brand and use the company's Portland, Oregon, base as a platform to expand Hydro's US wastewater business. Steve Tansley, current manager of Hydro International's UK Water and Wastewater Division, will act as Operations Director of the business, supported by existing Eutek management team.
"Hydro International has always been known as a strong supplier that provides reliable, high-quality products and solid customer service, and Eutek has had a very similar business model," said Marcia Sherony, National Sales Manager for Eutek Systems. "We look forward to merging our 30 years of experience and market presence with Hydro's many strengths to create an unbeatable combination."
Eutek managers will join Hydro International in the following capacities: Sherony as Sales Manager, Adam Neumayer as Applications Manager, Jeff Ginter as Engineering Manager, and Brian Harrell as Finance Manager.
Eutek's leading brands include the HEADCELL™, a modular, multiple-tray settleable solids concentrator that removes fine grit with minimal headloss; the TEACUP™, an all-hydraulic unit that uses a combination of a free vortex and the boundary layer effect to capture, classify, and remove fine grit, sugar sand, and high-density fixed solids; the SLURRYCUP™, a unit that uses a combination of an open free vortex and the boundary layer effect to capture, classify and remove fine grit, sugar sand, snail shells, and high-density fixed solids from grit slurries, and both primary and secondary sludge; and the GRIT SNAIL™, a solids clarifier that discharges clean, low-odor solids, with a low percentage of volatile solids.
Hydro's US wastewater portfolio includes the Grit King®, an advanced hydrodynamic vortex separator for the removal of grit and sand from wastewater, potable water and industrial effluents; the Grit Classifier, a grit dewatering and classification device that provides consistent grit quality with low residual fecal organic matter; the Grit-Cleanse™, a grit dewatering and classification device providing a consistent grit quality with very low organics content; and the Reg-U-Flo® Vortex Valve, a self-activating vortex flow control device that provides superior hydraulic performance over conventional flow regulators.
Hydro International, based in Portland, Maine, is a leading provider of environmentally sustainable products and innovative solutions that control and treat stormwater, wastewater and combined sewer overflows.
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