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DuPont to Expand FilmTec™ Manufacturing into China through Reverse Osmosis Acquisition
Prnewswire· 2025-09-29 13:00
Core Insights - DuPont has signed an agreement to acquire Sinochem (Ningbo) Memtech to enhance its reverse osmosis manufacturing capabilities in China and the Asia Pacific region [1][2] - The acquisition aims to meet the increasing demand for FilmTec™ elements for industrial water purification and reuse, aligning with DuPont's strategy to localize production [1][2] - The transaction is expected to close in the fourth quarter of 2025 [1] Company Strategy - The acquisition supports DuPont's strategy to localize production closer to end customers, improving service and reducing lead times [1] - By expanding its manufacturing footprint, DuPont aims to enhance logistics reliability, supply chain risk management, and reduce carbon footprints [1][2] Manufacturing Expansion - The new production facility in Zhejiang Province, China, will be DuPont's third RO manufacturing location, complementing existing sites in Minnesota, USA, and Jubail, Saudi Arabia [2] - The plant has been qualified to manufacture and supply FilmTec™ reverse osmosis elements to China and other Asia Pacific markets [2] Technology and Market Impact - Reverse osmosis technology is crucial for demineralizing brackish water and desalinating seawater for various applications, including industrial and municipal water treatment [2] - DuPont's technologies are currently purifying over 50 million gallons of water every minute across 112 countries, addressing challenges in water treatment and energy demands [2]
BioLargo to Showcase Breakthrough PFAS Solutions at WEFTEC 2025, Booth #6009
Accessnewswire· 2025-09-26 13:29
Core Insights - BioLargo, Inc. is participating in WEFTEC 2025, the largest water quality event in North America, showcasing its sustainable technologies [1] Company Overview - BioLargo, Inc. is a cleantech innovator focused on creating and commercializing sustainable technologies [1] Event Participation - The event will take place in Chicago from September 29 to October 1, 2025 [1] - Attendees can visit BioLargo at Booth 6009 to learn about solutions for PFAS remediation and odor control [1]
FLINT Announces Completion of Recapitalization
Globenewswire· 2025-09-23 23:17
Core Viewpoint - FLINT Corp. has successfully completed a recapitalization transaction aimed at optimizing its capital structure and significantly reducing its debt profile and annual interest costs [3][4]. Group 1: Recapitalization Details - The recapitalization involved a consolidation of common shares at a ratio of one post-consolidation share for every 40 pre-consolidation shares [2]. - Senior secured notes totaling approximately $135.3 million were exchanged for about 99 million newly issued common shares, while preferred shares were exchanged for approximately 8.25 million newly issued common shares [2]. - The recapitalization was approved by holders of common shares, preferred shares, and senior secured notes during meetings held on September 23, 2025, followed by final approval from the Alberta Court of King's Bench [3]. Group 2: Shareholder and Control Changes - Canso Investment Counsel Ltd., the largest shareholder and primary lender, controlled approximately 97% of the senior secured notes and 99% of the outstanding preferred shares prior to the recapitalization [4]. - Post-recapitalization, Canso is expected to control approximately 107.7 million common shares, representing about 97.8% of the outstanding common shares [4]. Group 3: Financial Facilities and Future Outlook - Concurrent with the recapitalization, FLINT extended the maturity dates of its Asset-Based Revolving Credit Facility to April 14, 2030, and its Term Loan Facility to October 14, 2030 [5]. - The CEO of FLINT stated that the successful completion of the recapitalization positions the company to pursue strategic growth opportunities and deliver long-term value to shareholders [6].
X @The Wall Street Journal
The Wall Street Journal· 2025-09-19 10:34
In the world of competitive water treatment, two teams are vying for all-time-great status. Their goal: ‘To be No. 1 in the No. 2 business.’ https://t.co/jOrgc25EPX ...
Hawkins, Inc. Recognized as One of America's Greatest Companies 2025 by Newsweek
Globenewswire· 2025-09-17 20:05
Core Insights - Hawkins, Inc. has been recognized as one of America's Greatest Companies 2025 by Newsweek, highlighting its commitment to excellence, innovation, and service [1] - The company has received multiple awards this year, reflecting its strong culture and dedication to its employees and communities [1][2] Company Overview - Hawkins, Inc. was founded in 1938 and specializes in water treatment and specialty ingredients, serving customers in Water Treatment, Food & Health Sciences, and Industrial Solutions [3] - The company is headquartered in Roseville, Minnesota, operates 64 facilities across 28 states, and generated $974 million in revenue for fiscal 2025 with approximately 1,100 employees [3] Awards and Recognition - The company is Great Place to Work® Certified, indicating its commitment to an inclusive and rewarding workplace [4] - It has been recognized as one of Newsweek® America's Most Responsible Companies, showcasing its leadership in sustainability and ethical business practices [4] - Hawkins was listed among the Minneapolis/St.Paul Business Journal® Fastest Growing Public Companies in Minnesota, reflecting strong year-over-year growth [4] - The company also made it to Fortune's Top Workplaces in Manufacturing and Production 2025, emphasizing its positive work environment [4]
3 Dividend Growers That Fly Under the Radar
MarketBeat· 2025-09-15 21:45
Group 1: Economic Context and Investment Trends - Investors are increasingly turning to defensive plays amid economic warning signs, with gold and dividend stocks being popular safe havens [1][2] - The dividend landscape is broader than commonly recognized, with lesser-known companies outside of major names like Coca-Cola and Johnson & Johnson being worth consideration [2] Group 2: Company Profiles Pentair - Pentair has a dividend yield of 0.90%, an annual dividend of $1.00, and a dividend increase track record of 7 years, with a payout ratio of 27.32% [4][6] - The company recently reported earnings that beat analyst predictions, with modest revenue gains but significant improvements in profitability, aided by a favorable tariff landscape [4][5] - Pentair achieved a record $596 million in free cash flow in Q2, allowing for continued strategic acquisitions and expansion [5] Enterprise Products Partners - Enterprise Products Partners has a dividend yield of 6.88%, an annual dividend of $2.18, and a remarkable 28-year track record of dividend increases, with a payout ratio of 81.04% [8][9] - The company benefits from the stability of the midstream energy sector, consistently increasing its dividend while managing to repurchase $1.3 billion in shares [9][10] - Enterprise has a debt-to-equity ratio of 1.04 and is expected to have about 13% upside potential according to analyst ratings [11] Lamb Weston - Lamb Weston has a dividend yield of 2.64%, an annual dividend of $1.48, and a 7-year history of dividend increases, with a payout ratio of 58.96% [12][14] - Despite a 15% decline in shares year-to-date, the company reported stronger-than-expected fiscal fourth-quarter results, driven by volume growth and cost-cutting measures [13][14] - Analysts remain cautious, with a majority rating shares as a Hold, but the company is forecasted to have nearly 16% upside potential following recent performance [14]
LiqTech Expands U.S. Presence with Texas Service Center to Support Produced Water and Industrial Filtration Solutions
Globenewswire· 2025-09-15 13:00
BALLERUP, Denmark, Sept. 15, 2025 (GLOBE NEWSWIRE) -- LiqTech International, Inc. (NASDAQ: LIQT), a clean technology company specializing in advanced ceramic filtration systems, today announced the opening of a dedicated Service Center in Cresson, Texas, near Fort Worth. The new facility, launching in partnership with Halldor Systems, is scheduled to open on November 1, 2025, to enhance LiqTech’s U.S. service capabilities. Halldor Systems is an industrial services provider with extensive experience in the e ...
Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Flint Corp. Shareholders Vote for the Recapitalization Transaction
Globenewswire· 2025-09-15 12:30
Core Viewpoint - FLINT Corp. has received favorable recommendations from leading independent proxy advisors ISS and Glass Lewis for a proposed recapitalization transaction aimed at reducing debt, lowering annual interest costs, simplifying capital structure, and improving liquidity [1][4][7] Group 1: Recapitalization Transaction - The Recapitalization Transaction is designed to protect shareholder value, strengthen FLINT's financial position, and position the company for future growth [2][7] - The special meeting for common shareholders to vote on the Recapitalization Transaction is scheduled for September 23, 2025, with a voting cutoff on September 19, 2025 [3][5][7] Group 2: Proxy Advisors' Recommendations - ISS and Glass Lewis provided independent recommendations after reviewing the strategic rationale, credible process, and valuation of the Recapitalization Transaction [4][7] - ISS highlighted that the elevated non-approval risk warranted a favorable recommendation, while Glass Lewis supported the transaction based on the factors presented by FLINT [7]
Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Flint Corp. Shareholders Vote for the Recapitalization Transaction
Globenewswire· 2025-09-15 12:30
Core Viewpoint - FLINT Corp. has received favorable recommendations from leading independent proxy advisors ISS and Glass Lewis for its proposed recapitalization transaction, which aims to reduce debt, lower annual interest costs, simplify capital structure, and enhance liquidity [1][4][7] Group 1: Recapitalization Transaction - The Recapitalization Transaction is designed to protect shareholder value, strengthen FLINT's financial position, and position the company for future growth [2] - The special meeting for common shareholders to vote on the Recapitalization Transaction is scheduled for September 23, 2025, with a voting cutoff on September 19, 2025 [3][5][7] Group 2: Proxy Advisors' Recommendations - ISS and Glass Lewis have independently reviewed the Recapitalization Transaction and determined that its strategic rationale and potential benefits warrant a favorable recommendation [4][7] - ISS highlighted the credible process and valuation, as well as the elevated non-approval risk, as reasons for their support [7] Group 3: Company Background - FLINT Corp. has over 100 years of experience providing solutions in the Energy and Industrial markets, including sectors such as Oil & Gas, Petrochemical, Mining, and Water Treatment [5]
Hawkins, Inc. Expands Water Treatment Footprint with Acquisition of StillWaters Technology, Inc.
Globenewswire· 2025-08-29 12:32
Company Overview - Hawkins, Inc. is a leading water treatment and specialty ingredients company founded in 1938, headquartered in Roseville, Minnesota, with 64 facilities across 28 states [3] - The company generated $974 million in revenue for fiscal 2025 and employs approximately 1,100 people [3] Acquisition Details - Hawkins, Inc. has completed the acquisition of StillWaters Technology, Inc., which distributes water treatment chemicals and equipment in Alabama [1] - This acquisition is part of Hawkins' strategy to expand its customer base in the southern U.S. and enhance its water treatment business [2] Strategic Intent - The CEO of Hawkins, Patrick H. Hawkins, emphasized that the acquisition will help build a larger customer base in Alabama and demonstrates the company's ability to execute its growth strategy [2] - Hawkins intends to maintain the strong community connections established by StillWaters, indicating a focus on local engagement and integration [3]