Sea Recovery has new owner

Posted on

Parker Hannifin Corp. agreed to buy manufacturer Sea Recovery from Danfoss A/S, strengthening its position in seawater desalination for marine applications.

Sea Recovery makes small to high-capacity reverse osmosis systems for seawater desalination used primarily in commercial and pleasure marine applications.

Based in Compton, Calif., Sea Recovery had sales of about $26 million for the year that ended Aug. 31 and 70 employees and has been engineering and manufacturing seawater reverse osmosis systems since 1981.

Once the acquisition has been completed on Nov. 1, Sea Recovery will join Parker Hannifin’s Filtration Group.

“This acquisition supports our water purification growth strategy and further strengthens Parker’s global leadership position in creating fresh water for commercial marine and large yacht markets,” Filtration Group president Peter Popoff said in a statement.

“Sea Recovery product lines help Parker expand its offering across geographic and end market applications. Their dedicated global sales and service organization is a strategic fit with our existing world class distribution network and will enable Parker to provide customers with the most advanced seawater desalination systems anywhere in the world.”

“We are happy that we have found a new owner that is ready to support Sea Recovery and its employees to further develop and grow the business,” Danfoss chief development office Nis Storgaard said in a statement.

Click here for the full release.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Click here to Register!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

One comment on “Sea Recovery has new owner

  1. Andre

    Desalination plants are going to be the way of the future, as they are going to be our only source of drinkable water. There are many other option for water filtration right now, but our fresh water supplies are running low, and this is going to be the only option.

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

Should there be new boating-safety regulations after the three-boat crash in Florida?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password