Porvair acquires Keystone Filter

The Fareham-based group acquired on 1st March Keystone Filter, a division of CECO Environmental Corp (CECO). The group 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 USA. The company reported revenue of approximately USD four million in the year ended 31 December 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, Virginia, over the next few months.

Ben Stocks, Chief Executive of Porvair plc, said: "The acquisition of Keystone increases [our] presence in the US, 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."