LONG BEACH, Calif.,
Oct. 3, 2013 /PRNewswire/ --
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