The companies will finalize and announce a long-term strategy over the next few months, noted the release. They will continue to operate "as independent entities with independent sales forces and channels to market."
Former Clearwater Systems CEO Anupam Bhargava will continue to serve as president of Dolphin WaterCare, reported the release. Dolphin’s treatment system offers a sustainable alternative solution for evaporative cooling and refrigeration systems.
"A partnership between EVAPCO and Dolphin WaterCare was a natural fit, as we both share a goal of improving water efficiency and sustainability benefits for the evaporative cooling industry," said William G. Bartley, president and CEO of EVAPCO, in the release.
"We are optimistic that combining EVAPCO’s financial strength with the water treatment experience, technology, and service capabilities of both of our companies will help drive market demand for time-tested and proven non-chemical water treatment solutions," added Bartley in the release.
"EVAPCO has a long and respected history as a leading innovator in our industry, and we are excited to be joining forces to ensure that sustainable water treatment continues to flourish in the market," Bhargava stated in the release. "For now, our employees and customers will notice little difference as we will continue to operate independently, offering the same advanced water treatment technology, high level of water treatment service and robust reporting that our customers have come to know and trust."
You can find the entire release here.