Sea Recovery has new owner - Trade Only Today

Sea Recovery has new owner

Author:
Publish date:

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.

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.