GL&V to acquire Brackett Green
Nov 02, 2005. Groupe Laperriere & Verreault Inc. (GLV.SV.A.T) has agreed to acquire all the shares of British company Brackett Green Ltd. and its U.S. subsidiary, Brackett Green Inc., from Fabricom S.A.
Nov 02, 2005. /Lesprom Network/. Groupe Laperriere & Verreault Inc. (GLV.SV.A.T) has agreed to acquire all the shares of British company Brackett Green Ltd. and its U.S. subsidiary, Brackett Green Inc., from Fabricom S.A.
In a news release, Laperriere said the acquisition, scheduled to close in the next few weeks, will be financed entirely from available cash and a revolving line of credit.
Specific financial terms weren't disclosed, but Lapperriere said it will "increase considerably" its water treatment group's revenue.
Laperriere said the Brackett Green group of companies is involved in advanced screening and filtration technologies for water used by power plants, refineries and various other types of industries. In addition to this field of expertise, which generates about 60% of its revenues, Laperriere said Brackett Green offers a range of municipal and industrial wastewater treatment equipment.
The Brackett Green group, which employs about 170 people, had revenue of almost C$50 million in its last full fiscal year.
Groupe Laperriere provides liquid/solid separation technologies used in industrial, municipal and environmental processes.