Sulzer Acquires Cana-Tex
Sulzer Chemtech and Cana-Tex signed an agreement to acquire Cana-Tex, based in Houston, Texas. Subject to the fulfillment of certain conditions, closing of the acquisition will become effective as of July 1st, 2005.
Cana-Tex having about 40 employees averages a turnover of approximately USD 24 million. With this acquisition Sulzer Chemtech will become a leading specialized tower field service supplier.
Sulzer Chemtech, a global market leader for separation column and static mixing technologies, is present in all important markets with sales, engineering, production, and customer support. As a main supplier of mass transfer components it is Sulzer Chemtech’s strategy to strengthen its ability of supplying installation services to its customers. Cana-Tex is a renowned specialist in tower field services with more than 30 years of experience.
Urs Fankhauser, President of Sulzer Chemtech, says: “This acquisition further enhances Sulzer Chemtech’s competence in the service business by combining the experience and best practices of both companies to even better serve customers on a worldwide basis.”
Mark Manifould, Owner of Cana-Tex and future Manager of Sulzer Chemtech’s Tower Field Service activities states: “I am pleased to join my business with a committed partner, the leading component supplier that allows me and my team to further expand the business we have built up over the years.”