John Zink Company Acquires Coen Company, Inc.
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TULSA, Okla. April 3:John Zink Company, LLC has finalized the acquisition of Coen Company, Inc., a privately held combustion supplier to the power generation, steam generation and process combustion markets. Coen will operate as a wholly owned subsidiary of John Zink Company.
"Coen's and John Zink's Todd Combustion technical capabilities and operational resources are complementary and, combined, we believe will enhance the value we provide to our global customers," said Stephen Pirnat, John Zink Company president and chief executive officer.
"We are pleased to integrate the Coen organization's outstanding talent and combustion knowledge into John Zink. Coen employees bring a passion for applying new technology and innovation to solve customer problems that is very consistent with John Zink Company's culture."
No financial details were announced.
The acquisition includes all stock of the current ownership. Coen has about 270 employees in North America. Coen, based in Woodland, Calif., has an engineering and sales office in Foster City, Calif. It operates manufacturing sites in Quebec and near Mexico City. The deal also includes Coen's interest in two joint ventures: DeJong-Coen in The Netherlands and Coen-Bharat in India.
"We believe that the John Zink/Koch Chemical Technology Group will provide Coen with tremendous resources and opportunities as we move forward," said Antonio de la O, president and chief executive officer of Coen Company. "We look forward to integrating with John Zink Company."
Since 1912, Coen Company has specialized in the design, manufacture, servicing and maintenance of burner equipment and combustion systems. With more than 15,000 installations worldwide, Coen burner equipment and combustion systems provide optimum performance, meeting the needs of various industries: power, heat recovery steam generator (HRSG) utility boiler, industrial boiler, cogeneration, wood products, pyro-processing, solid fuel, refinery, oil recovery/steam flood and petrochemical.
John Zink Company employs more than 700 people at its Tulsa facility, as well as an additional 400 at other global sites. John Zink's Tulsa facility has an OSHA Voluntary Protection Program Super Star site designation. OSHA VPP recognizes facilities with industry-leading safety performance as verified by an extensive audit.
In 2006, John Zink Company was recognized by Oklahoma's Worker Safety Policy Council with the Safety Culture Award of Excellence as well as the Oklahoma Safety Council's Governor's Pinnacle Award for its remarkable results in workplace safety.
John Zink Company, LLC is a leading provider of advanced combustion systems and breakthrough technologies worldwide, servicing a wide range of global markets. John Zink branded products include JZÒ flares, process burners, duct burners, thermal oxidizers and vapor control systems; KALDAIRÒ flares; TODDÒ boiler burners; GORDON-PIATT® boiler burners; and KEU(TM) thermal oxidizers and heat recovery systems. John Zink Company is a Koch Chemical Technology Group, LLC company.
To learn more about John Zink, visit www.johnzink.com.
