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Insituform Technologies, Inc. Acquires Its New York and New Jersey Licensees
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Insituform Technologies, Inc. Acquires Its New York and New Jersey Licensees
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Insituform Technologies, Inc. Acquires Its New York and New Jersey Licensees
2000
Overview
Since 1981, Insituform Metropolitan Inc. and its affiliates Empire Insituform, Inc. and Insituform Metropolitan (a joint venture of Varlotta Equipment Co. Inc. and George Burrows Inc., a subsidiary of Spearin Preston & Burrows, Inc.) have held license rights granted by the Company which entitled them to utilize the Insituform Process (and, since 1990, the NuPipe Process) in territories now aggregating all of the States of New York and New Jersey. As a result of the transaction, the Company will pay approximately $5.2 million in cash in exchange for all license rights and the transfer of the operating assets of the sellers in their pipe rehabilitation business.
Publisher
Business Wire
Subject
