Clearford Water Systems announces the acquisition of Koester Canada and Team Aquatic
Ottawa, Ontario – November 29, 2017, 17:00 ET
Clearford Water Systems Inc. (TSX-V: CLI) is pleased to announce the acquisition of Koester Canada Inc., an Ontario-based water and wastewater treatment and operating solutions provider.
Koester Canada’s two divisions, the Koester Canada Design-Build and Koester Team Aquatic Operations Groups, will be renamed Clearford-Koester Canada and Clearford Waterworks, respectively, while continuing to provide high quality management of water supply and wastewater treatment systems for small communities along with the manufacturing and supply of packaged treatment solutions, including containerized membrane plants for advanced water treatment.
“This is the natural progression of the Company’s unified water business model,” said Kevin Loiselle, President & CEO of Clearford. “The acquisition completes Clearford’s unique product and service offering, and positions the Company for growth with sector-leading efficiency and reliability. By integrating Clearford’s product range and service offering with Koester Canada’s design-build and operating divisions, Clearford is now in control of its core value chain, enabling the rapid delivery of water solutions with a competitive advantage to propel the Company for growth in the North American market and beyond.”
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