KURITA EXPANDS PRESENCE IN NORTH AMERICA, COMPLETES ACQUISITION OF KEYTECH WATER MANAGEMENT OF CANADA 20th April 2021
Kurita Water Industries (Headquarters, Tokyo, Japan), a leading global provider of water treatment solutions, today announced the completion of its acquisition of Keytech Water Management (“Keytech”) through its North American subsidiaries in a stock purchase deal.
Keytech, which is headquartered in Kitchener, Ontario, will operate as a 100% consolidated subsidiary of Kurita Canada Inc. Douglas Halbert, former president and general manager of Keytech, will continue to lead the organization as general manager, under the leadership of LaMarr Barnes, CEO of Kurita America.
Keytech’s operations are primarily focused in the province of Ontario in central Canada. Over its forty-year history, Keytech has established itself as a premier, customer-centric provider of water management solutions. Clientele span industries such as industrial, biofuels, food and beverage, and a wide range of manufacturing operations. Commercial and institutional segments including healthcare, educational campuses and commercial buildings are also core to Keytech’s history of success.
“We are extremely pleased for Keytech Water Management to become the newest member of the Kurita family,” said Barnes. “Keytech’s reputation for exceptional customer service and strong technical expertise is a great cultural fit. It’s an extremely well managed organization, having shown consistent and profitable growth over many successful years in the marketplace.”
With this acquisition, Kurita continues to expand its North American footprint. “Our high growth operations in western Canada are now complemented with a geographic position in Ontario and the eastern portion of the country. We will continue to expand both organically and through acquisition, where appropriate, enroute to becoming a leading force in North America,” added Barnes.
“We’re excited about the future and the opportunity to leverage Keytech’s industry leading experience and expertise with Kurita’s 70+ years of global leadership and continued investment in growth,” said Halbert. “With exposure to an incredible portfolio of technologies, products and services that represent world-class innovations in chemistry, equipment systems, and the digital world, we now have unprecedented opportunities to create and deliver value to our customers.”