PMFG Acquires Control Technology Company
The acquisition is expected to close by April 30, 2014. The purchase price is approximately $8.9 million in cash plus performance-based contingent payments and will be funded with cash on hand.
CCA’s combustion control technologies are used to reduce NOx, particulate matter, unburned carbon and CO emissions at a variety of facilities including utility power plants, paper & pulp mills, chemical plants, oil refineries, and ethanol plants.
CCA designs, engineers, and installs cost-effective systems for combustion modification, fuel conversions and post-combustion NOx control for both new and existing sources, PMFG said. CCA also supplies the patented TRIM-NOX urea-based SCR technology, as well as SNCR products designed to reduce NOx emissions on stationary combustion sources. CCA has an extensive customer base, principally in the US, with systems installed on over 275 units burning a variety of fuels, including coal, fuel oil, waste fuels, biomass and natural gas.
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