GLV to acquire U.K. firm Jones and Attwood
MONTREAL, QUE-Groupe Laperriere and Verreault (GLV)'s water treatment group has signed an agreement in principle to acquire certain assets of Jones and Attwood, a British company based near Birmingham, England, and its wholly-owned U.S. subsidiary Jones and Attwood, in Illinois. Scheduled to close next month, the transaction focuses on Jones and Attwood's operations in the municipal and industrial water treatment sector (excluding the Birmingham manufacturing plant and real estate). GLV president and CEO Laurent Verreault said the acquisition will help his firm gain a foothold in high-potential water treatment market in Europe. "This transaction also meets our primary acquisition criteria, which are to integrate businesses with know-how, proven technologies, recognized trademarks and a large installed equipment base," he added, noting that "the water treatment operations of Jones & Attwood, which was established in 1836, combine all of these conditions." Jones and Attwood's water treatment division mainly serves municipalities, for which it designs, manufactures and installs various effluent liquid-solid filtration, separation and processing equipment, as well as an industrial customer base. The American subsidiary operates a sales and service centre serving the U.S. market. Founded in 1975, GLV specializes in liquid/solid separation technologies used in industrial, municipal and environmental processes. Its water treatment group develops process equipment for drinking water and wastewater treatment. More information is available from Laurent Verreault at GLV, 514/284-3725, Web site www.glv.com.