Clarcor Inc. has acquired the Bekaert Advanced Filtration business from NV Bekaert SA for roughly €6 million ($8 million). The advanced filtration business is engaged in the same line of business as Clarcor’s subsidiary, Purolator EFP, which manufactures and supplies metal filters and systems used primarily in the polymer fiber and plastics industries.
With estimated 2013 sales of €15 million ($20 million), the business, which has been renamed Purolator Advanced Filtration, has approximately 170 employees and manufacturing facilities located in Belgium and Indonesia, as well as sales personnel in North and South America. The transaction also includes a supply contract under which the combined business can continue to purchase specialized Bekipor metal fiber filtration media from Bekaert for incorporation into certain of the company’s products.
“The acquisition of the advanced filtration business will expand the technical capabilities of Purolator EFP, improve the product offerings that the company brings to market and help us continue to grow in Europe and in Asia,” says Christopher Conway, Clarcor’s chairman, president and CEO.