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Industry news 7 Filtration+Separation March/April 2012 Severn Trent picks Bluewater Bio technology for STW upgrade Private equity firm to acquire Flanders Corp Air filter manufacturer Flanders Corp is being bought by an affiliate of private equity firm Insight Equity Holdings LLC in a US$192 million deal. Flanders’ shareholders will receive US$4.40 per share in cash for each share of Flanders’ common stock. The Flanders board of directors has unanimously approved the transaction and will recommend that Flanders’ shareholders adopt the agreement. www.flanderscorp.com www.insightequity.com Enviro Voraxial ships separators to repeat customer in South America Enviro Voraxial Technology Inc has shipped a multi-unit Voraxial separator order to a South American national oil company. The Voraxial separators will be installed on an FPSO (Floating, Production, Storage and Offloading) for an offshore produced water application in South America. Enviro Voraxial shipped multiple Voraxial separators to this customer in 2011. The South American oil company currently processes several hundred thousand barrels of wastewater per day. www.evtn.com New leadership at ItN Nanovation Nanostart portfolio company ItN Nanovation AG has appointed Dr Christoph Weiss as the company’s new chief executive officer (CEO). Dr Weiss, who will serve on the German company’s management board for an initial two year term, will have responsibility for corporate development and finance, as well as the sewage water MBBR (container sewage treatment plants) segment. As a member of the ItN Nanovation management board, former CEO Lutz Bungeroth will now concentrate on the company’s groundwater filtration, industrial coatings and contracted research activities, with a particular focus on establishing the agreed joint venture in Saudi Arabia. Dr Weiss has many years of experience in establishing and restructuring companies across a number of industries. He has previously worked for McKinsey, the Festo Group and the Theo Müller Group. Since 2008, Dr Weiss has been a member of the supervisory and advisory boards of a number of companies. Speaking about the appointment, Bungeroth said: “Our company is going through an important phase. The complex challenges resulting from the management of our continued growth can now be addressed jointly by the management board in future. I am looking forward to having a highly experienced manager like Dr Weiss by my side as CEO and will now concentrate in particular on the business potential offered by Saudi Arabia, which is becoming increasingly tangible.” www.nanostart.de www.itn-nanovation.de Outotec technology for Chilean copper project Outotec is to deliver concentrator technology to the Chilean copper producer Codelco for a slag treat- ment project in Northern Chile. Under a €10 million contract, Outotec will supply proprietary equipment including two grinding mills, flotation cells and a pressure filter. Deliveries are scheduled to be completed later this year. www.outotec.com Severn Trent Water has ordered Bluewater Bio International’s HYBACS wastewater treatment technology to upgrade the Ashbourne sewage treatment works in Derbyshire, UK. The order follows three years of close collaboration between Bluewater Bio and Severn Trent, when HYBACS was evaluated in a containerised demonstration plant at Coleshill STW in Birmingham. Mark Jones, wastewater R&D manager for Severn Trent, said: “Rarely do we come across such novel technologies as HYBACS and following an extensive and lengthy on-site evaluation we were convinced that this could provide real cost effective solutions to the challenges we face. We believe that HYBACS has great potential, especially as a ‘slot in’ process for the upgrading of existing sites due to its low operational cost and small additional hydraulic head requirements.” www.bluewaterbio.com Humes licences Imbrium’s Jellyfish filter membrane technology Imbrium International Ltd and Australia’s Humes Water Solutions have expanded their strategic business relationship, with Humes becoming a licencee of Imbrium’s Jellyfish filter. The agreement grants Humes the exclusive right to manufacture, sell and distribute Imbrium’s Jellyfish technology for stormwater treatment throughout Australia. Humes is a longstanding licencee of Imbrium’s Stormceptor oil and sediment separator technology (HumeCeptor). www.imbriumsystems.com www.humes.com.au

Private equity firm to acquire Flanders Corp

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Page 1: Private equity firm to acquire Flanders Corp

Industry news 7

Filtration+Separation March/April 2012

Severn Trent picks Bluewater Bio technology for STW upgrade

Private equity firm to acquire Flanders CorpAir filter manufacturer Flanders Corp is being bought by an affiliate of private equity firm Insight Equity Holdings LLC in a US$192 million deal.

Flanders’ shareholders will receive US$4.40 per share in cash for each share of Flanders’ common stock.

The Flanders board of directors has unanimously approved the transaction and will recommend that Flanders’ shareholders adopt the agreement.

www.flanderscorp.com www.insightequity.com

Enviro Voraxial ships separators to repeat customer in South AmericaEnviro Voraxial Technology Inc has shipped a multi-unit Voraxial separator order to a South American national oil company.

The Voraxial separators will be installed on an FPSO (Floating, Production, Storage and Offloading) for an offshore produced water

application in South America. Enviro Voraxial shipped multiple Voraxial separators to this customer in 2011. The South American oil company currently processes several hundred thousand barrels of wastewater per day.

www.evtn.com

New leadership at ItN NanovationNanostart portfolio company ItN Nanovation AG has appointed Dr Christoph Weiss as the company’s new chief executive officer (CEO).

Dr Weiss, who will serve on the German company’s management board for an initial two year term, will have responsibility for corporate development and finance, as well as the sewage water MBBR (container sewage treatment plants) segment.

As a member of the ItN Nanovation management board, former CEO Lutz Bungeroth will now concentrate on the company’s groundwater filtration, industrial coatings and contracted research activities, with a particular focus on establishing the agreed joint venture in Saudi Arabia.

Dr Weiss has many years of experience in establishing and restructuring companies across

a number of industries. He has previously worked for McKinsey, the Festo Group and the Theo Müller Group. Since 2008, Dr Weiss has been a member of the supervisory and advisory boards of a number of companies.

Speaking about the appointment, Bungeroth said: “Our company is going through an important phase. The complex challenges resulting from the management of our continued growth can now be addressed jointly by the management board in future. I am looking forward to having a highly experienced manager like Dr Weiss by my side as CEO and will now concentrate in particular on the business potential offered by Saudi Arabia, which is becoming increasingly tangible.”

www.nanostart.dewww.itn-nanovation.de

Outotec technology for Chilean copper projectOutotec is to deliver concentrator technology to the Chilean copper producer Codelco for a slag treat-ment project in Northern Chile.

Under a €10 million contract, Outotec will supply proprietary

equipment including two grinding mills, flotation cells and a pressure filter. Deliveries are scheduled to be completed later this year.

www.outotec.com

Severn Trent Water has ordered Bluewater Bio International’s HYBACS wastewater treatment technology to upgrade the Ashbourne sewage treatment works in Derbyshire, UK.

The order follows three years of close collaboration between Bluewater Bio and Severn Trent, when HYBACS was evaluated in a containerised demonstration plant at Coleshill STW in Birmingham. Mark Jones, wastewater R&D manager for Severn Trent, said:

“Rarely do we come across such novel technologies as HYBACS and following an extensive and lengthy on-site evaluation we were convinced that this could provide real cost effective solutions to the challenges we face. We believe that HYBACS has great potential, especially as a ‘slot in’ process for the upgrading of existing sites due to its low operational cost and small additional hydraulic head requirements.”

www.bluewaterbio.com

Humes licences Imbrium’s Jellyfish filter membrane technologyImbrium International Ltd and Australia’s Humes Water Solutions have expanded their strategic business relationship, with Humes becoming a licencee of Imbrium’s Jellyfish filter.

The agreement grants Humes the exclusive right to manufacture, sell and distribute

Imbrium’s Jellyfish technology for stormwater treatment throughout Australia. Humes is a longstanding licencee of Imbrium’s Stormceptor oil and sediment separator technology (HumeCeptor).

www.imbriumsystems.comwww.humes.com.au