LONG BEACH,
Calif., Oct. 3, 2013 /CNW/ - APTwater
Rochem®, located in Long Beach, California, announces the
acquisition of Sepro Membranes in Oceanside, California. With this transaction,
APTwater Rochem® have acquired the remaining shareholding of their
longtime partner, Sojitz Corporation of Tokyo, Japan.
Sepro specializes in the development and manufacture of high
performance UF, MF and NF membranes and modules serving the water,
food processing, mining, dairy and automotive industries. Terms of
the agreement were not disclosed.
John
Kaestle, APTwater CEO, stated, "We are very pleased
to close this transaction with our longtime partner Sojitz. Sepro
Membranes are core to our strategy going forward and we are excited
about the prospects for growing the business. Additive to strong
technology and manufacturing capabilities, we are acquiring a
capable and committed staff and we expect to invest in capital
expansions over the next two years to expand Sepro's capabilities
and new products."
Masayuki
Hashimoto, General Manager Sojitz commented, "We have
enjoyed a great working relationship with APTwater Rochem and are
happy to change our style of working relationship. We look forward
to continuing to work closely with APTwater Rochem®."
Michael
Froud, Chief Growth Officer for APTwater added,
"Sepro is core to our membrane led Growth Strategy and we have high
expectations for investing in and growing the business with
existing customers and partners. In addition, Sepro's development
in the area of 'functionalized membranes' is opening very promising
new markets for our systems, modules and membranes to solve unique
and challenging problems in the area of 'difficult to treat' waters
and process fluids."
Steven
Jackson, Chief Financial Officer for APTwater
acknowledged the flexibility and speed of response from our
financing partners, Hercules Technology Growth Capital, who were
instrumental in helping us close the transaction, stating, "It is
always important to have partners like Hercules who take the time
to understand the business strategy and what is required to support
an organization's growth both in the short term and long term."
About:
APTwater Rochem® focus on difficult to treat waters for
landfill leachate, Marine, Mining, Nuclear and Oil & Gas
markets. Headquartered in Long Beach, California, with facilities
in Germany, Italy and
Singapore, APT is backed by Venture
Capital partners, including Kleiner Perkins
Caufield & Byers, XPV, Waste Management's Venture arm
and Seacor Holdings.
For more information please refer to www.aptwater.com.
Sepro Membranes is now a wholly owned subsidiary of
APTwater. Previously, Sepro was a joint venture company with
ownership shared by APTwater and Sojitz. Sepro specializes in high
performance UF, MF and NF membranes serving the water, food
processing, mining, dairy and automotive industries.
Sojitz Corporation is a multi-billion dollar trading
company in Tokyo, Japan.
Hercules Technology Growth Capital, Inc. (NYSE: HTGC)
("Hercules") is the leading specialty finance company focused
on providing senior secured loans to venture capital-backed
companies in technology-related markets, including technology,
biotechnology, life science and energy and renewables technology
industries, at all stages of development. Since inception
(December
2003), Hercules has committed more than $3.9 billion to
over 250 companies and is the lender of choice for entrepreneurs
and venture capital firms seeking growth capital financing.
Hercules' common stock trades on the New York Stock Exchange
(NYSE) under the ticker symbol "HTGC."
In addition, Hercules has two outstanding bond issuances of
7.00% Senior Notes due 2019--the April 2019 Notes
and September
2019 Notes--which trade on the NYSE under the symbols
"HTGZ" and "HTGY," respectively.
Companies interested in learning more about financing
opportunities with Hercules Technology Growth Capital should
contact info@htgc.com, or call 650.289.3060.
For more information about APTwater, please call 562-661-4999 or
email info@aptwater.com.
SOURCE APTwater Rochem