BWT Subsidiary CHRIST Acquires Waterman Purification Ltd, Dublin

26.03.2004

BWT – Best Water Technology Group, Austria, has taken another important step towards extending its worldwide professional care of its international and domestic clients in the pharmaceutical industry through the acquisition of Waterman Purification Ltd, Dublin, Ireland.

CHRIST Water Technology (CWT), a subsidiary of BWT, Austria, acquires 74% of Waterman Purification Ltd as of March 31, 2004, subject to approval by the anti-trust authorities. The company has been successfully active in the pure and ultra-pure water treatment for the pharmaceutical industry. Waterman Purification Ltd has been established in 1986 and has become a leading supplier for the Irish pharmaceutical water purification market. A team of 25 employees achieves a turnover of €4 million.

Waterman Ltd. will be operating under “CHRIST–Waterman”. In addition to its domestic activities in Ireland, the company will be servicing the British Market in cooperation with its sister company CHRIST-Kennicott Ltd which is based in Wolverhampton, UK.

Paddy Archer, founder and CEO, will continue to head to company and strongly believes in the new cooperation, “Waterman’s leading technologies will ideally be supplemented by the innovative CHRIST Water Technology’s ultra-pure water purification systems.”

CHRIST Water Technology, member of the BWT Best Water Technology Group, is among the world’s leading specialists in the supply of ultra-pure water purification systems in the pharmaceutical industry.

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