Stilmas Americas has been formed from the acquisition of Canada’s MarCor, bringing its purified water and water for injection (WFI) solutions to North America.
The deal sees Stilmas add the high purity division of MarCor to its business. Finanacial details have not been divulged.
Stilmas is a subsidiary of the Masco Group, a conglomerate which offers engineering, pure media systems – including WFI stills, purified water systems, pure steam generators – and super skid preparation systems to the biopharma industry, as well as the food and semiconductor industries.
“Masco, and in particular Stilmas, will leverage some of the products in MarCor portfolio and expand their exposure and their market globally,” Alberto Borella, CEO, Masco Group told this publication. “Both companies already have state-of-the-art technologies that will be merged benefiting from each other’s experience and technical expertise.”
MarCor’s addition includes WFI stills, vapour compressors, pure steam generation systems and turnkey capabilities which will be incorporated into Stilmas Americas’ portfolio.
And looking forward, the firm intends to invest in people, capital equipment and manufacturing space in efforts to drive sales.
“To keep up with the growth plan, Stilmas Americas will: keep its current portfolio and widen its market base; add multiple effects systems, vapor compressors, pure steam generators and turn key capabilities to it, thus becoming the only company able to provide complete solutions in North America; expand its business globally,” Borella said.
Specific investment details were not revealed.