Kinetico Incorporated to Acquire Majority Stake in Aquacare Belgium and Aquacare International NV
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NEWBURY, Ohio – Kinetico Incorporated, a global leader in the water treatment industry, announced that its operating subsidiary Kinetico UK Holdings, has signed a definitive agreement to acquire the shares in Aquacare Belgium and Aquacare International NV. The acquisition enables the strategic collaboration between Kinetico and Aquacare's former owner Jean Paul van Kerkhoven, to jointly invest in building a business that provides the finest and most comprehensive water treatment products and services to consumers, restaurants and offices in Belgium and France. Van Kerkhoven will stay on as Managing Director of the newly-formed company, Kinetico Belgium NV and Kinetico France SARL.
Kinetico, the pioneer in non-electric, hydraulic water treatment technology, manufactures premium water treatment products for residential and commercial applications. Kinetico has offices in six countries across North America and Europe, and their highly-efficient water softeners, filters and drinking water systems are distributed in more than 100 countries. Their comprehensive line of water treatment systems includes the K5 Drinking Water Station, 2020C and 2050C and the Hydrus and Premier Series of twin-tank water softeners and filters.
Aquacare, a leading water treatment company in Belgium, services more than 40,000 consumers and commercial premises. Offering premium products and a 24-hour nation-wide service network, Aquacare customers receive expert water treatment advice and service guarantees and a regular maintenance offering.
"Aquacare's 40-year position as a leading water treatment business in Belgium and its passion for providing excellent customer service will allow us to strengthen and build our business across continental Europe faster," says Kinetico President and CEO, Toby Thomas. "Aquacare's strategically unique capabilities of providing around the clock counsel and after-sale service to restaurants and offices across its wide spectrum of customers will provide an outstanding platform for Kinetico worldwide. Aquacare will complement Kinetico's capabilities of engineering, product design and our own distribution through our network of worldwide dealers."
"It is exciting for the Aquacare team to join Kinetico," says Jean Paul van Kerkhoven. "It will allow us to invest further and fulfill our shared passion for changing lives through better water solutions across France and Belgium and ultimately continental Europe," Van Kerkhoven adds.
About Kinetico
Founded in 1970, Kinetico is a global manufacturer of water treatment systems for the residential, commercial and OEM markets. Recognized for their reliable, economical and sustainable approach to water treatment, Kinetico products are used and recommended by millions of people all over the world. Further information is available www.kinetico.com.
SOURCE Kinetico Incorporated
CONTACT: Karen Puzder, Kinetico Incorporated, 440.564.9111
Web Site: http://www.kinetico.com
