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Two Leaders Merge to Create Industry's Largest, Most Comprehensive
Provider of
Stormwater Treatment Solutions; Customers will Benefit from New
Technologies
and Expanded Service
Vortechnics and Stormwater Management Announce Management Structure
and
Integration Details
SCARBOROUGH, Maine, April 20 /PRNewswire/ -- Vortechnics Inc. and
Stormwater Management Inc., the two leading providers of stormwater
treatment
systems, announced today that they are integrating their operations. Theannouncement was made following last week's acquisition of Stormwater
Management by the parent company of Vortechnics, CONTECH CONSTRUCTION
PRODUCTS
INC., which acquired Vortechnics in March 2004.
Effective immediately, Vortechnics and Stormwater Management have
merged
and now operate under the direction of one management team, which has
more
than 60 years of combined experience in the stormwater industry. David
R.
Miley was named the chief executive officer of the newly combined
company, and
David Pollock was appointed chief operating officer. Both were leaders
of
their respective companies -- Miley was with Vortechnics and Pollock was
with
Stormwater Management -- prior to the acquisition. Additional members of
the
newly formed management team include: Eric Roach, chief financial
officer; Jim
Lenhart, chief technology officer; Lanz Fritz, vice president of
operations;
Fran Tighe, vice president of development; and Tom Gorrivan as national
sales
manager. Several remaining management positions will be announced in the coming weeks.
"This merger is a solid strategic fit considering the complementary
nature
of our two product lines and core competencies. Our customers will see
an
immediate impact -- with more technology choices, expanded technical
expertise, and more convenient sales support and service," Miley said.
"But
the similarities between Vortechnics and Stormwater Management extend
far
beyond our markets, products and customers. We share a common commitment
to
cleaning up the nation's waters and an unrelenting passion for
developing
cutting-edge, engineered solutions that make both environmental and
economic
sense."
Like Vortechnics, Stormwater Management has been providing solutions
to
engineers, contractors, developers and site owners for more than a
decade.
Together, the two companies have combined revenues approaching $60
million and
have installed thousands of systems throughout the United States and
Canada.
The merger also brings together the industry's two leaders in stormwater research and product development, with two state-of-the-art stormwater
testing
and development labs and a combined staff of almost 160 employees
serving
customers from coast to coast.
"The stormwater treatment market has been rapidly evolving, and our
two
companies -- Stormwater Management and Vortechnics -- have been at the
forefront of innovation. By joining together we will be able to provide
the
civil engineering community with the most advanced and comprehensive
line of
stormwater treatment options available," Pollock said.
The new company will be headquartered in Scarborough, Maine, but
sales
offices and facilities for both companies will remain as they are.
Together,
the companies now have an unparalleled portfolio of powerful brands,
including
the Vortechs System, StormFilter, VortSentry and StormScreen. A company
name
representing the shared vision, values and technologies of both
companies is
in development and will be announced in the coming weeks.
"We are absolutely committed to the communities in which we live and
work.
So whether it's Portland, Maine or Portland, Oregon, we will continue to
be a
vital contributor and strong corporate citizen in the places our
employees
call home," Miley said.
With products serving the municipal, industrial, residential and
commercial construction markets, both Stormwater Management and
Vortechnics
have been pioneers in the treatment of stormwater pollution, developing
technological innovations that are used to clean stormwater that runs
off
parking lots, roads and other impervious surfaces. If not removed from
this
runoff, the contaminants can accumulate in surface waters damaging
ecosystems
and polluting watersheds.
Background Information
About Vortechnics Inc.
As the leading provider of engineered stormwater management
solutions,
Vortechnics has set the industry standard with its emphasis on technicalcustomer service, research and development, and ease of installation and maintenance. The company's comprehensive suite of stormwater treatment
products capture pollutants from runoff and protect waterways from
damaging,
contaminated stormwater flows. Founded in 1988 and part of the CONTECH
family
of companies, Vortechnics has installed thousands of systems throughout
the
United States and Canada. For more information, visit
http://www.vortechnics.com or call 877-907-8676.
About Stormwater Management Inc.
As the pioneer of stormwater filtration technology, Stormwater
Management,
Inc. provides environmentally sound stormwater treatment products that
are
backed by the experience gained during a decade of providing clean
water. The
company offers a patented, cost-effective and proven line of stormwater
treatment products to meet national and local regulatory requirements.
Celebrating a decade of clean water, Stormwater Management helps
customers
across the United States achieve their water quality goals by removing
pollutants to keep our waterways clean. For more information, call
(800) 548-
4667 or visit http://www.stormwaterinc.com.
About CONTECH
CONTECH is a leading civil engineering site solutions products and
services company. Privately-owned and headquartered in Middletown, Ohio,
CONTECH is the only nationwide provider of corrugated metal and plastic
pipe,
detention/retention systems, geogrid and geotextile materials, erosion
control
products, concrete arch systems, retaining wall systems and bridge
structures.
Its product portfolio is based on more than a century of research and
practical field experience serving the highway, drainage, sewage and
site-
improvement markets. More information on CONTECH is available at
http://www.contech-cpi.com.
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