Smith & Loveless, Inc and Hydranautics
Announce the Sale of S&L UK
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Oceanside, CA…Hydranautics, the world's leader in membrane technology, and Smith & Loveless, Inc. headquartered in Lenaxa, Kansas jointly announce that Hydranautics B.V., the European subsidiary of Hydranautics, has purchased Smith & Loveless Inc.' UK affiliate. The company will trade as Hydranautics, Ltd. With this acquisition, Hydranautics has acquired the majority interest in Kalsep, Ltd., a UK company located in Camberly and engaged in the engineering of membrane based water treatment systems for municipal and industrial applications. As part of the agreement, Smith & Loveless, Inc. will retain the exclusive rights to manufacture and market Fibrotex filtration technologies in North America, Central America, South America, and all US territories and possessions. Smith & Loveless, Inc. will also retain a non-exclusive right to sell the Fibrotex technology to the rest of the world. In announcing the sale, R. L. Rebori, Chairman & CEO of Smith & Loveless, Inc, and Ken Klinko, President & COO of Hydranautics stated that the transaction will allow both companies to continue to focus on their strengths and develop and utilize the latest advances in their respective markets. For more information about Hydranautics' new flush
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