The 20th Shanghai International Nonwovens Exhibiton(SINCE)

The 20th Shanghai International Nonwovens Exhibiton(SINCE)

2023 | Shanghai World Expo Exhibiton and Convention Centre, Shanghai, China.

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Porvair Buys Keystone Filter

Porvair Filtration Group has acquired Keystone Filter, a division of CECO Environmental Corp (CECO). The company has acquired the goodwill, business and trading assets of Keystone for cash. Keystone designs and manufactures a range of filter cartridges and housings for the food and beverage, drinking water and chemical process markets in the U.S. Keystone reported revenue of approximately $4 million in the year ended December 31, 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, VA, over the next few months. Ben Stocks, chief executive of Porvair plc, says: “The acquisition of Keystone increases [our] presence in the U.S., 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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