Chemical technology company Calix (ASX: CXL) has accelerated its penetration of the US market with the completion of the purchase of wastewater treatment business Inland Environmental Resources (IER).
The company supplies magnesium hydroxide liquid (MHL) for use in the food processing, municipal and industrial wastewater treatment markets in the Pacific Northwest and Mid-West markets.
The acquisition delivers a 500 per cent increase in Calix’s revenues to $16.7 million and adds EBITDA of $1.1 million to Calix’s bottom line.
Calix managing director Phil Hodgson said the acquisition delivered an accelerated and de-risked market entry into the US for Calix.
Hodgson said: “We are now in a strong position to accelerate our US business strategy by combining our stable MHL manufacturing capability with IER’s US presence and distribution network.
“We expect the acquisition to bring a considerable boost to Calix’s growth.”
Calix’s MHA boasts a higher reactivity and surface area compared to existing sources, making it ideal for wastewater treatment.
In November Calix commissioned its its BATMn reactor at Bacchus Marsh, Victoria which uses a flash calcination process, which is applied to magnesite to create mineral honeycomb product for use in agriculture, infrastructure and other markets.
The method rapidly heats ground minerals at up to 950 degrees celsius, releasing trapped gases and creating porous “nano-active” materials with a very high surface area.
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