CECO Environmental Corporation grows its industrial water and wastewater treatment group
Kemco Systems is proud to announce it has been acquired by CECO Environmental Corporation (Nasdaq: CECO) (“CECO”), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment. This partnership will elevate Kemco's product and service offerings, as well as enhance efforts in assisting customers in reaching their sustainability goals. The addition of Kemco to CECO’s Industrial Water group advances CECO’s capability to offer customers around the world a turnkey performance-enhancing engineered solution for water and wastewater treatment in a wide range of high-performance applications while expanding the CECO offerings to Kemco customers.
Kemco, founded in 1969, marks the third acquisition for CECO during 2023, and a continuation of CECO’s steady execution of its programmatic M&A strategy. The Kemco acquisition enhances CECO’s North American presence, extending the Company’s industrial water and wastewater treatment applications reach, adding new energy conservation and water recycling solutions, and expanding the addressable market into new high-value food processing, commercial laundry, and ready-mix concrete customer segments and end markets. Kemco generated full-year 2022 revenues of approximately $22 million and advances the Company’s stated goals of owning differentiated engineered solutions businesses with niche leadership positions and more short-cycle and aftermarket business.