Graver Technologies Acquires HydroGlobe

December 14, 2004

Graver Technologies, a manufacturer of filtration and separation products, announces the acquisition of HydroGlobe, a technology company with patented products to remove heavy metals, including lead and arsenic, from water.

The acquisition includes an exclusive license with Stevens Institute of Technology, located in Hoboken New Jersey, for any water and wastewater technologies developed at this prestigious research facility.

The business will be run out of Graver Technologies’ facility in Glasgow, Delaware.

"This acquisition of technology, superior products and key management will provide the platform on which we will build our residential filtration business," stated Angelo Pantelo, president and CEO of Graver Technologies.

John Schroeder, past President of HydroGlobe, will assume the role of VP Operations. He was instrumental in developing the patented technology into market leading products.

"With the resources of Graver Technologies and Marmon behind us, we can now penetrate key markets while we continue to refine and improve our products and processes. We believe this technology will provide unique solutions to the ever expanding Arsenic removal market," Schroeder stated.

Chris Wilker, formerly president of Alamo Water Refiners, will assume the position of president of Graver Technologies’ HydroGlobe Division.

The Marmon Group of Companies is an international association of more than 100 companies that operate independently within diverse business sectors.

Source:

Graver Technologies

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