Kurita Expands Presence in North America, Completes Acquisition of Keytech Water Management of Canada

MINNEAPOLIS, April 19, 2021 (Newswire.com) - Kurita Water Industries (Kurita) (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, en route 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."

About Kurita Water Industries:

Established in 1949, Kurita Water Industries is one of the world's largest suppliers of water treatment solutions including equipment, technologies, chemistries, and engineering services. Kurita's strategic focus is to expand its business globally by establishing bases in four regions of the world— Japan, Asia, Europe and North America. For more information about Kurita Water Industries visit www.kurita.co.jp/english

About Kurita America, Inc

Located in Minneapolis, MN, Kurita America is part of the Kurita Group of companies. Kurita America brings innovations to market through an integrated water management approach, incorporating state-of-the-art equipment, chemistries, engineering, and services to conserve natural resources for a better, more sustainable world. For more information about Kurita America visit www.kuritaamerica.com

About Keytech Water Management

Located in Kitchener, ON, Keytech Water Management is one of the largest regional industrial water treatment companies in Canada. Established in 1981, Keytech is celebrating their 40th anniversary as a leader in the marketplace. Keytech offers their clientele a complete water management approach in the supply of innovative chemistries, complete equipment systems and full-support, technical services assisting their customers in effectively maintaining their systems while achieving savings in water and energy. For more information about Keytech Water Management visit www.keytech.ca

Deborah deLambert | Direct (763) 497-1227 | Cell (612) 499-8426 | [email protected]

Source: Kurita America