Old Saybrook, Conn.-based Infiltrator Water Technologies LLC has purchased Whitefield, N.H.-based Presby Environmental Inc. to help it grow in the on-site water management market.
The deal expands Infiltrator's product line with Presby's wastewater treatment technologies, such as Enviro-Septic, which is an on-site system that removes wastewater contaminants to recycle clean water into the environment, and EnviroFin, which treats and disperses wastewater. The products primarily use high density polyethylene and geotextile materials.
"The family of Presby Environmental products complements Infiltrator's core business and helps to strengthen our industry leadership position. The combination of Infiltrator and Presby Environmental supports our vision to re-imagine and revolutionize on-site water management," Roy E. Moore, Jr., president & CEO of Infiltrator Water Technologies, said in a news release.
Terms of the transaction were not disclosed.
Jim Bransfield, Infiltrator's marketing director, said the acquisition supports a vision of the company focused on competing on innovation.
"Infiltrator is the industry leader in the on-site wastewater industry. We work hard to develop technologies that displace traditional materials with recycled polymer-based solutions that reduce the consumption of natural resources while saving time and money for the user," Bransfield said in an email. "Presby Environmental products are an innovative technology supported by a great team of people that will help Infiltrator grow into new markets within the on-site wastewater market."
The acquired business also stands to benefit, he added.
"Infiltrator's resources and North American footprint will allow the Presby products a faster and broader reach than they could on their own," Bransfield said. "Infiltrator customers will welcome additional products and solutions to help meet the ever-changing regulatory environment."
Infiltrator retained Presby's 29 employees. No changes are planned at the Whitefield facility.
"The production team has great experience that we are excited to have as part of our team," Bransfield said.
Infiltrator says its team built three of the world's largest injection molding machines in-house to produce some of the largest injection molded parts in the world.
Infiltrator is a portfolio company of Ontario Teachers' Pension Plan.