Cantel Medicalâ€™s Mar Cor Purification Subsidiary Acquires Fluid Solutions, Inc.
Cantel Medical Corp., through its Mar Cor Purification subsidiary, has expanded its infection prevention and control business in water treatment by purchasing the assets of Fluid Solutions, Inc. Fluid Solutions, based in Lowell, Mass., designs, manufactures, installs and services high quality, high purity water systems for use in biotech, pharmaceutical, research, hospitals and semiconductor environments. For the year ending April 30, 2006, Fluid Solutions generated approximately $5 million in revenue.
Andrew A. Krakauer, executive vice president and COO of Cantel, said, â€śFluid Solutionsâ€™ strong brand name in New England, superb service capability and proven track record of innovative design is a perfect fit for our Mar Cor Purification subsidiary. Through this acquisition, we have added an additional outstanding team and base of business in a highly desirable regionâ€”one with great concentration of life sciences companies as well as healthcare and research institutions. We anticipate growing our business in Fluid Solutionsâ€™ key markets, as well as expanding further into the healthcare and industrial arena. We foresee a number of operating synergies that will help drive both top line and bottom line performance.â€ť
Mar Cor Purification will be retaining the employees of Fluid Solutions, including its president, Brian Hagopian, who has entered into a three-year employment agreement.