FOR IMMEDIATE RELEASE
Forterra Acquires Bio Clean Environmental Services and Modular Wetland Systems
IRVING, Texas (August 3, 2016) – Forterra, a manufacturer of water and drainage pipe and products, today announced that it has acquired affiliated companies Bio Clean Environmental Services, Inc. (“Bio Clean”) and Modular Wetland Systems, Inc. (“Modular Wetlands”). The entities offer a broad range of stormwater quality and biofiltration technologies that filter pollutants and remove sediment in accordance with local standards. Terms of the transaction were not disclosed.
The purchase includes the Modular Wetlands product line and all related intellectual property. For Forterra, this acquisition complements its drainage pipe and precast business.
Forterra is a manufacturer of pipe and precast products in the U.S. and Eastern Canada for a variety of water-related infrastructure applications, including water transmission, distribution and drainage. Based in Irving, Texas, Forterra employs more than 6,000 people and operates more than 110 facilities, with products available throughout the U.S. and Eastern Canada.
About Bio Clean and Modular Wetlands
Since 1999, Bio Clean has been helping municipalities, engineers, developers, and contractors comply with stormwater regulations by providing a comprehensive line of treatment and detention/retention technologies. With thousands of installations nationwide, their product line covers a broad array of stormwater solutions. Modular Wetlands, established in 2008, specializes in horizontal flow biofiltration technology, an emerging alternative to typical downward flow bioretention systems. The flagship product, MWS Linear, is a highly efficient system with minimal maintenance costs. Based in Oceanside, California, Bio Clean and Modular Wetlands together employ approximately 45 people and provide products and services throughout the continental U.S. and Hawaii.
Chief Financial Officer