Chinese company acquires Menomonee Falls manufacturer

Tri-Tech Holding Inc., a Chinese company that provides leading turn-key solutions in China for water resources, water and wastewater treatment, industrial safety and the pollution control markets, announced that its subsidiaries, Tri-Tech International Investment Inc. and Tri-Tech Infrastructure LLC, have acquired the operating assets of J&Y International Inc., a manufacturer based in Menomonee Falls.
The purchase price of up to $1.5 million is to be paid in up to four installments of cash and Tri-Tech stock.
J&Y designs and manufactures industrial chemical water recovery systems, desalination plants, domestic and industrial wastewater treatment systems and reverse osmosis filtration systems.
Tri-Tech president Phil Fan said, "J&Y has developed superior desalination technology, which has enormous market potential. With this acquisition, Tri-Tech will have the technology to expand into the rapidly growing markets for seawater desalination, water reuse, and zero liquid discharge (ZLD), driven by increased scarcity of water resources. We expect the marketing power of Tri-Tech combined with J&Y’s superior technology will result in synergies that will enhance our overall competitive advantage. Tri-Tech is systematically acquiring unique technologies globally and building its technology portfolio and capabilities in the advanced water treatment and purification, and reuse fields."
J&Y CEO James Schwartz said, "We are very pleased to join with Tri-Tech and to benefit from management’s commitment to water treatment technology and product innovation. We are impressed with the management’s clear strategic direction and we are delighted to become part of it. Tri-Tech has the ability to identify and benefit from market opportunities and to maintain strong growth. We believe that Tri-Tech will additionally benefit from J&Y’s decades of experience in the water and wastewater treatment industry. The market opportunities dealing with China’s industrial wastewater treatment needs alone are huge. We believe that with Tri-Tech’s strong customer base and sophisticated marketing capabilities, J&Y’s water treatment technologies and solutions will become widely used and will contribute to J&Y’s long-term sustainable development."
A spokesman for Tri-Tech said the J&Y name, management team and staff will be retained.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

No posts to display