Ionics Signs Agreement to Acquire Separation Technology, Inc.
Watertown, MA–Ionics, Inc. entered into an agreement to acquire Separation Technology, Inc. (St. Paul, MN) for 58,000 shares of Ionics` common stock. Separation Technology is a supplier of membrane-based purification equipment and related services to the food industry, with particular emphasis on dairy and beverage applications. Ionics is a separations technology company involved worldwide in the manufacture and sale of membranes and related equipment for the purification, concentration, treatment and analysis of water and wastewater, the supply of purified water, food and chemical products, and the sale of bottled water and home water purifiers. The company`s existing Food Group supplies membrane systems to demineralize and process cheese whey for use in infant formula and other food products.