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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (4778)	3/1/2018 1:35:29 PM
From: richardred	Respond to of 7252

RE-CECE speculation I'm assuming this 4 Million $ division was sold at a premium. This given it's focus on drinking water food & beverage market. It will be interesting to see what or if any one time gains are booked moving forward. CECO Environmental Announces The Sale Of Keystone Filter Moving Forward with CECO's Portfolio Management Strategy DALLAS, March 1, 2018 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECE) a global leader in air quality and fluid handling, today announced the sale of its Keystone Filter brand and products to Porvair plc. Terms were not disclosed. The Keystone brand recorded revenue of approximately $4.0M in its last full year and is focused on the drinking water and the food and beverage markets in the USA. The sale of Keystone is a step in progressing CECO's portfolio management strategy to ensure the business is aligned to increase its focus on better serving the industrial air quality improvement and fluid handling markets. ABOUT CECO ENVIRONMENTAL CECO Environmental is a global leader in air quality and fluid handling serving the energy, industrial and other niche markets. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean and more efficient solutions that help protect our shared environment. In regions around the world, CECO works to improve air quality, optimize the energy value chain and provide custom engineered solutions for applications including oil and gas, power generation, water and wastewater, battery production, poly silicon fabrication, chemical and petrochemical processing along with a range of others. CECO is listed on Nasdaq under the ticker symbol "CECE". For more information, please visit www.cecoenviro.com. prnewswire.com