FOR IMMEDIATE RELEASE
MAY 17, 2018
CANATURE GROUP ACQUIRES INTEREST IN CANATURE WATERGROUP
Canature WaterGroup is pleased to announce that Canature Group has acquired a 51.0 percent controlling interest in its business. Canature WaterGroup has had a long and successful relationship with Canature Group since 2009.
The transaction is structured as a partnership, with Canature WaterGroup maintaining its independence and flexibility, while leveraging Canature Group’s financial strength as a publicly listed company and its world-class innovation and manufacturing capability. Don Fettes will continue to serve as the CEO & President and the company will continue to be managed by the existing management team.
“The transaction will further align corporate strategies and position the company to become a global leader in the water treatment industry,” stated Fettes. “Canature WaterGroup will be the strategic platform to grow Canature Group’s business in North America through organic growth as well as through mergers and acquisitions.”
“We have developed a great partnership with the Canature WaterGroup team in the past several years,” announced Tim Wang, CEO & President of Canature Group. “This investment further strengthens our strategic partnership and enables us to provide better support for our customers in the North American market.”
Canature Group will transfer the on-going support of existing North American (USA, Canada and Mexico) customers to Canature WaterGroup.
For more information on Canature Group please visit www.canature-global.com.
Canature North America was founded in 2009 to serve the North American Residential and Commercial Water Treatment market. In 2014, the company acquired WaterGroup Companies Inc. becoming Canature WaterGroup. The company sells products through both the Independent Water Dealer Channel and Professional Plumbing Channels. The company also excels at private brand solutions for larger distributors. The company currently has seven North American distribution facilities and over 120 employees.
Canature Group was founded in 2001 and has become a global leader in the development and production of residential and commercial water treatment equipment. Products are manufactured in a 1,200,000 sq. ft. state-of-the–art facility. The company is publicly traded with over 600 employees.
Jill Clark, Marketing Manager