Aqua-Chem announces Matrix Asset Purchase
Knoxville, TN: Aqua-Chem, Inc. has entered into an agreement to acquire the product lines and specific assets of Matrix Utilities, Inc. Employees of Matrix will now join Aqua-Chem. Matrix designs and manufactures the following applications: Reverse Osmosis Watermakers for land-based desalination; Marine and Yacht RO Watermakers and Offshore Oil and Gas RO Purification Systems.
Prior to acquiring the Matrix assets and product lines, Aqua-Chem was a leading supplier of vapor compression and waste heat distillation desalination systems. With the acquisition, Aqua-Chem has become a “one-stop” solution provider for a full range of desalination systems and is able to offer the optimal solution for every application. David Gensterblum, Aqua-Chem’s President and CEO expressed “With the integration of Matrix assets, product lines and employees into our organization, we will benefit from both the expansion of our great family of products and the addition of a terrific group of experienced, highly skilled, and knowledgeable people.” “We are proud of our long and successful record in our existing markets and look forward to growing within these markets and expanding our products in Aqua-Chem’s existing markets,” said Whitney Irons, Matrix’s General Manager. Aqua-Chem, based in Knoxville, Tennessee, is a leading supplier of water purification systems to the Offshore Oil and Gas, Pharmaceutical, Beverage and Military Markets. Matrix, based in Fort Lauderdale, Florida, offers a full range of seawater and brackish water reverse osmosis systems rated from 2 tons per day to over 1,000 tons per day. Matrix has been in business for more than 22 years and has existing installations in over 100 countries and all 7 continents.