Salsnes Filter (Norway) to become a standalone entity.
LONDON, ON, Jan. 9, 2024 /PRNewswire/ -- Trojan Technologies
today announced their plan to sell the Salsnes Filter business to
current and former members of the Salsnes management team, with an
anticipated closing of the transaction in mid-January 2024. Following the closing, Salsnes
Filter will be a standalone organization and no longer an affiliate
of Trojan Technologies.
The transaction will provide Salsnes-Filter with the opportunity
to reinvest further in their solids separation filter technology to
better serve the demands of the water treatment industry.
"With today's announcement, we believe Salsnes will be
advantaged as a standalone company with greater opportunities to
pursue their eco-efficient solids separation solutions," said
Tom Siller, President of Trojan
Technologies.
"After 11 years of working together, we've created customer
partnerships that have helped solve the challenging problems that
customers face in the water treatment industry," Mr. Siller
continued. "Under the leadership of Johan Sellaeg, the associates
at Salsnes will be able to continue their impact on providing
eco-efficient solutions across the globe".
"I am very excited to lead our dedicated group of professionals
to chart our own destiny," affirmed Johan Sellaeg, who will be the
Managing Director of Salsnes following the closing of the
transaction. "With this team committed to growing our business and
building deeper relationships with the customers who could benefit
from our solids separation filter technology, we look forward to
pursuing a successful future."
Since 1991, Salsnes has been offering their solids separation
filter technology and pursuing research, product development,
testing, and quality initiatives. This focus and dedication have
produced a highly efficient and reliable filter that maximizes
solids separation, while dramatically decreasing costs including
capital, operating, maintenance and land. With installations around
the world and in a variety of municipal and industrial
applications, the Salsnes Filter system is synonymous with
eco-efficient solids separation technology. Salsnes Filter will
remain at its current production facility in Salsnes Norway.
Not an Offer of any Securities
The information in this communication is for informational
purposes only and shall not constitute, or form a part of, an offer
to sell or the solicitation of an offer to sell or the solicitation
of an offer to buy any securities.
About Trojan Technologies Group ULC
Trojan Technologies provides innovative water technologies that
help customers meet their water quality objectives and improve the
lives of more than one billion people globally. Our products and
services play vital roles in making the various stages of the water
treatment process more effective and efficient. Headquartered in
Canada, Trojan Technologies
applications and markets served include municipal wastewater,
drinking water, environmental contaminant treatment; residential
water treatment; ultra-purification of water used in food and
beverage manufacturing, pharmaceutical processing, and
semiconductor applications; and filtration. Trojan Technologies
product brands include TrojanUV, Aria Filtra (formerly Pall Water),
Aquafine, and VIQUA. For more information, visit
TrojanTechnologies.com. Trojan Technologies is an operating company
of Veralto Corporation (NYSE: VLTO).
Forward-Looking Statements
This press release contains forward-looking statements that
reflect management's current expectations, assumptions and
estimates of future performance and economic conditions. The
company cautions investors that any forward-looking statements are
subject to risks and uncertainties that may cause actual results
and future trends to differ materially from those matters expressed
in or implied by such forward-looking statements. Statements about
the closing of, and the anticipated benefits of, the transaction
are forward-looking and involve risks and uncertainties. Trojan
Technologies and Salsnes Filter disclaim any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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