WTC Industries shareholder's approve CUNO merger

July 30, 2004
Shareholders of WTC Industries Inc., parent company of PentaPure Inc., overwhelmingly approved the proposed merger of WTC with a subsidiary of CUNO Inc.

EAGAN, MN, July 29, 2004 (BUSINESS WIRE) -- WTC Industries Inc. announced that at a special meeting of its shareholders held today shareholders approved the proposed merger of WTC with a subsidiary of CUNO Inc. The vote was 1,657,557 shares in favor, 450 shares against, and 10 shares abstaining. It's anticipated that the merger will close Aug. 2.

WTC, through its PentaPure Inc. operating subsidiary, manufactures water filtration systems and replacement filter cartridges for point-of-use applications, including residential refrigerators and under-the-counter drinking water systems. WTC is based in Eagan, MN, and employs about 220 people. During 2003, WTC's sales totaled $28.3 million and sales for the trailing twelve month period (through its quarter ended April 2, 2004) totaled $33.8 million.

Meriden, CT-based CUNO is a world leader in the design, manufacture and marketing of a comprehensive line of filtration products for separation, clarification and purification of liquids and gases. CUNO's products, which include proprietary depth filters and semi-permeable membrane filters, are used in the potable water, healthcare, and fluid processing markets.


Sponsored Recommendations

SmartSights WIN-911 Alarm Notification Software Enables Faster Response

March 15, 2024
Alarm notification software enables faster response for customers, keeping production on track

Automated Fresh Water Treatment

March 15, 2024
SCADA, Automation and Control for Efficient and Compliant Operations

Digital Transformation Enables Smart Water

March 15, 2024
During this webinar we will discuss factors driving the transformation to digital water, water industry trends, followed by a summary of solutions (products & services) available...

Automation for Water Treatment and Distribution Systems

Jan. 31, 2024
Dependable, Flexible Control Solutions to Maximize Productivity