Clearford to buy most of Investeco-backed UV Pure Technologies
Clearford Water Systems Inc (TSX-V: CLI) has agreed to buy a 90.5 percent interest in UV Pure Technologies Inc, a portfolio company of Canadian private equity firm Investeco Capital Corp. Clearford said it would pay $2.5 million for its purchase, with UV Pure's management retaining the balance of the interest. Based in Toronto, UV Pure is a manufacturer and distributor of ultraviolet systems for the purification of potable water, grey water and wastewater. Investeco has backed the company since 2005. With headquarters in Ottawa, Clearford is a provider of unified water management and sanitation systems.
20 November 2014•5 mins read
