News
MEGTEC Systems, Inc. Acquires TurboSonic Technologies, Inc.
De Pere, WI. – February 1 -- MEGTEC Systems, Inc. (MEGTEC) is pleased to announce the acquisition of TurboSonic Technologies, Inc. (OTCQB - TSTA) (TurboSonic), effective immediately. The acquisition will include all of TurboSonic’s current products: wet electrostatic precipitator (WESP) systems, semi-dry and wet scrubbers, Catalytic Gas Treatment (CGT)™ systems, evaporative gas cooling systems, DeNOx systems and related parts and services. TurboSonic will join the MEGTEC family as MEGTEC TurboSonic Technologies, Inc., and operate as a wholly-owned subsidiary of MEGTEC Systems, Inc., and as a separate business unit within MEGTEC’s Environment, Climate and Energy (ECE) Group. The TurboSonic acquisition adds complementary product offerings to MEGTEC’s environmental portfolio and process expertise in key industries.
Commenting on the transaction, Mohit Uberoi, President and CEO of MEGTEC Systems, said, “The acquisition adds substantially to MEGTEC’s ECE business by bringing the highly regarded TurboSonic name and line of equipment under the MEGTEC umbrella. The new technologies broaden MEGTEC’s environmental solution competencies from abatement and energy recovery, to include particulate and acid gas control and provide an opportunity for MEGTEC to supply its customers with packaged solutions including both particulate and volatile organic compound (VOC) control.”
This transaction brings together two market-leading companies serving common end markets and will offer a broader range of products and services to its expanded customer base.
Edward Spink, CEO of TurboSonic, stated, “The acquisition will provide greater market exposure for TurboSonic’s technologies and leverage MEGTEC’s capabilities to offer complete solutions to customers worldwide.”
MEGTEC (www.megtec.com) is a global design, engineering, manufacturing and services company providing air pollution control, resource recovery, and sustainable energy-related industrial equipment and services to a wide range of market sectors. MEGTEC has major operations in the US, France, Sweden, Germany, the UK, China, India and Australia, and maintains a worldwide service and spare parts support network.
TurboSonic (www.turbosonic.com) designs and supplies air pollution control and liquid atomization technologies to industrial customers worldwide with operations in Waterloo, Ontario, Canada and Milan, Italy. TurboSonic's innovative product offering, developed through extensive industry experience, helps companies in the Cement & Mineral Processing, Ethanol & Biofuels, Metals & Mining, Petrochemicals, Power Generation, Pulp & Paper, Waste Incineration, and Wood Products industries outperform regulatory requirements, improve performance and energy efficiency, reduce operating costs and recover valuable by-products.
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News, November 1, 2012. The Wisconsin Sustainable Business Council has awarded MEGTEC Systems, Inc. the Green Professional designation under the Green Masters Program, sponsored by the Wisconsin Sustainable Business Council., recognizing MEGTEC's focus on integrating principles of sustainability into their operations. The categories are: groups are: Energy, Climate, Water, Waste Management, Transporation, Supply Chain, Workforce, Governance, and Community and Education Outreach.
News Release, April 5, 2012
MEGTEC Innovation Cuts Flexible Packaging Manufacturer’s Energy Bills by $10,000 a Month
YAKIMA, Wash., April 5, 2012
Saving money on its energy bills turned out to be a lot of hot air for flexible packaging innovator Shields Bag & Printing.
As a custom blown film extruder, Shields Bag extrudes, prints and converts film for flexible
packaging products used in a wide range of industries. The company produces more than 100
lines of products that are shipped to clients all over the world, from produce bags to high graphic
shrink-wrap.
The company traces its roots back to 1935, when Frank Shields opened a print shop in Yakima.
He and his sons built a successful commercial print shop, and in the mid-1950s branched out
into flexible packaging.
In 2011, Shields brought in their local utility provider for an energy audit that was part of a
greater review of the company’s operations. In their final report back to the company, the utility
noted the company was releasing heated air from its oxidizer units - heat that represented lost
energy dollars essentially being vented into the atmosphere. The oxidizers treat the exhaust
from the flexographic printing presses, using heated air to break down VOC (volatile organic
compounds) into carbon dioxide and water. (read more...)
