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ADDRESSING AUSTRALIA'S DROUGHTVeolia Water, Paris, has been selected for two major projects in Australia to alleviate the severest drought that the State of Queensland has ever recorded. The company was been chosen by the Queensland government to accompany it on one of the biggest recycled water infrastructure projects in the southern hemisphere. The government and Gold Coast City municipality also have awarded the company a major desalination plant contract.
For the Western Corridor Recycled Water (WCRW) scheme, Veolia Water will initially provide advice to the Queensland Government for development of all installations and infrastructure, and will then become the operating partner. This program intends to enable water from treatment plants around Brisbane to be recycled and used by industry. Visit www.veolia.com
Now Working TogetherBaldor Electric Co., Fort Smith, Ark., announced that it has signed a definitive agreement to acquire the Reliance Electric Company and certain of its affiliated companies (including the Power Systems business) from Rockwell Automation Inc. Baldor will purchase 100 percent of the equity interest in the Power Systems business for $1.8 billion, comprised of $1.75 billion in cash and approximately 1.6 million shares of Baldor common stock, with a market value of $50 million. The transaction is expected to be completed in the first quarter of 2007 and is subject to customary closing conditions and necessary regulatory approvals. Visit www.baldor.com
Airgas Inc., Radnor, Pa., announced a definitive agreement to acquire the U.S. bulk gas business that Linde AG is required to divest after its acquisition of The BOC Group. The bulk gas divestiture will comply with one of the conditions imposed by the U.S. Federal Trade Commission when it approved Linde’s acquisition of BOC. Airgas has agreed to acquire eight air separation units and a related bulk-gas business for $495 million in cash. The bulk business, which has approximately 300 employees, generated $154 million in revenues and EBITDA of $55 million in 2005. Visit www.airgas.com. MUST RUN
Delta–T Corp., Williamsburg, Va., has placed an order with Pro-Environmental Inc. for a regenerative thermal oxidizer (RTO) system to handle the DDGS dryer emissions for the new Coshocton Ethanol LLC, Coshocton, Ohio, facility. The facility was designed to produce 60 million gallons of ethanol per year to be distributed nationally. The project is scheduled to be completed in October 2007. Pro-Environmental is supplying one 51,800-scfm, three-canister RTO designed for 99-percent destruction reduction efficiency and 95-percent primary heat recovery. Visit www.pro-env.com.
FBD Partners LLC announced that it has completed the acquisition of Rusmar Inc., West Chester, Pa. The new management team is comprised of Fred Rullo, chairman; Brian McNamara, president and CEO; and Dennis Monahan, CFO. “The new Rusmar management team is excited about the growth prospects for the company,” said McNamara. “We will continue to provide the same high level of products and service in the company’s existing markets, while exploring new markets for its products such as in mining applications.” Visit