Bekaert acquires majority stake in producer of reverse osmosis vessels for water purification.

Bekaert, the Zwevegem based industrial group, said it has acquired 80% of the shares of US based Progressive Composite Technologies (PCT), for an undisclosed sum. The remaining 20% of the shares will continue to be held by management of PCT. PCT, established in 2000, is a producer of reverse osmosis vessels, made by filament winding technology, that are used for purification and desalination of water. Under management with a long standing experience in the field, PCT realised in 2001, its first year of sales, a turnover of USD 2.7 million, representing one tenth of their installed capacity, and employed 26 people.
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BENOEMINGEN
Walter Bogaerts
BELGOPROCESS
Carl Malbrain Carl Malbrain
CEO ad interim THENERGO
STIJGERS & DALERS BEL20