Sea Recovery has new ownerPosted 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.