18-03-2014

PMFG Inc acquires Combustion Components Associates Inc

PMFG, Inc today announced it has reached a definitive agreement to acquire substantially all of the assets of Combustion Components Associates, Inc, a leading provider of in-furnace and post-combustion control technologies. The acquisition is subject to customary closing conditions and is expected to close by April 30, 2014. The purchase price is approximately $8.9 million in cash plus performance-based contingent payments and will be funded with cash on hand. 

Located in Monroe, Connecticut, CCA is an industry leader in combustion control technologies used to reduce NOx, particulate matter (PM), unburned carbon and CO emissions at variety of facilities including utility power plants, paper & pulp mills, chemical plants, oil refineries, and ethanol plants. CCA employs approximately 30 employees and had 2013 revenue of approximately $14 million. As of November 30, 2013, CCA's order backlog was approximately $3 million. 

With its substantial knowledge of combustion and NOx formation processes, CCA designs, engineers, and installs highly efficient, cost-effective systems for combustion modification, fuel conversions and post-combustion NOx control for both new and existing sources. CCA also supplies the patented TRIM-NOX® urea-based SCR technology, as well as SNCR products designed to reduce NOx emissions on stationary combustion sources. In addition to system installations, CCA provides combustion optimization services such as airflow and fuel flow testing and balancing. CCA also provides diagnostic testing, boiler tuning and consulting services. 

CCA has an extensive customer base, principally in the United States, with systems installed on over 275 units burning a variety of fuels, including coal, fuel oil, waste fuels, biomass and natural gas.