CECO Environmental Corp (CECO), a US-headquartered environmentally focused, diversified industrial company is acquiring industrial flow control leader General Rubber (GRC), a Florida-based company focused in the engineering and manufacturing of non-metallic (rubber) expansion joints and flow control products.
The acquisition will be integrated into the company’s Effox-Flextor-Mader, Inc (EFM) joint venture with Chartwell Investments Entrepreneur & Founder Capital (Chief Capital). Subject to customary closing conditions, the transaction is expected to close in April 2022.
With the acquisition, CECO’s existing offering of EFM dampers and metallic expansion joints will be expanded to include rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves as a result of the acquisition.
The addition of GRC, according to CECO CEO Todd Gleason, will enable CECO to bring turnkey, environmentally-friendly solutions that protect critical infrastructure, piping, and flow controls for the water, wastewater and storm water markets, and to more than double its market size from US$200 million to US$500 million.