ITT Makes Industrial, Wastewater Acquisitions
Located in Kenosha, Wis., the company employs 180 people and has annual revenues of about $32 million. With the completion of the transaction, the company will operate under the name Pure-Flo MPC. The Construction Div. of Martin Peterson will continue to operate as a locally owned mechanical contractor serving southeastern Wisconsin and northern Illinois.
Also, ITT Industries has acquired the assets of England's PCI Membranes from Thames Water. PCI products complement ITT Fluid Technology's lines of pumps, mixers, aeration equipment and wastewater process systems, and will provide expansion opportunities for ITT Sanitaire in the filtration and disinfection segments.
PCI adds chlorination disinfection technology through its Portacel division located in Winchester, England. PCI employs more than 170 people in the United Kingdom, and has U.S. operations in Cincinnati, Ohio, and Zelienople, Pa. Revenues are around $26 million.
Terms of the transactions were not disclosed.