GE
specialty materials, a unit of
General Electric Company announced it has completed its acquisition of Osmonics, Inc., a global manufacturer and marketer of high-technology
water purification,
filtration and
water handling systems,
Osmonics, with operations at eight locations in the US,
France and
Thailand, joins
GE Betz within GE Specialty Materials' water and
process technologies business, creating a $1.4 billion enterprise over 5,400 employees worldwide. The transaction was first announced in November of 2002. George R. Oliver, currently vice president and general manager of GE Betz, will
lead the combined businesses.
The
GE Osmonics brand offers a complete line of
reverse osmosis, nano-filtration, ultra- filtration and micro-filtration membranes and a variety of specialty and microfiber filtration products. In addition to providing complete engineered
water treatment systems, it also offers a complete line of components including instruments,
pumps,
valves and controls for the commercial and industrial as well as household
water treatment markets.
"Osmonics will play a prime role in the
evolution and growth of GE's water and industrial
process technology enterprise," said D. Dean Spatz, chairman and chief executive officer of Osmonics, Inc. "This new combination of technical prowess and strong product offerings will reap significant rewards for both the business and its customers."