MKB Company, LLC, announced it has acquired Filtrexx International, a national leader in sustainable sediment and erosion control solutions, from Mativ Holdings, Inc., a global manufacturer of specialty materials. The financial terms of the transaction were not disclosed.
The acquisition comes as environmental regulations established to protect and preserve the environment and waterways are becoming increasingly more stringent. For years, MKB and Filtrexx have worked separately to create products and services, as well as educate the industry on the most effective and durable stormwater BMPs in the market.
The unification of the two organizations will combine both company’s product lines to bring the best erosion and stormwater control product offerings to the industry nationwide. Expanded resources, readily available products, extended reach, expanded manufacturing locations, and combined service are just a few benefits MKB and Filtrexx customers can expect with the acquisition.
“The combination of these two organizations and their product lines will bring the best erosion and stormwater control product offering to the industry nationwide. We are excited by the possibilities!” says Rick Costello, Vice President of Strategy at MKB Company.
Julie Schertell, CEO of Mativ, commented “Filtrexx has bright prospects and we are excited for the organization’s future under an owner with greater strategic alignment. For Mativ, this transaction represents a small step toward portfolio alignment and increased optionality as a result of our recent merger and as we sharpen the focus on our core end-markets and product lines.”
“MKB is pleased to welcome the Filtrexx employees into the MKB family,” said Rob Misso, President of MKB. “We have a shared commitment to providing exceptional service, quality products, and innovated products. We are very excited about the future of the combined organization”.
