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Slide #8. CECO Environmental Corp. — Met-Pro Corporation
CECO Environmental Corp. (NASDAQ:CECE)
CECO Environmental Corp. (NasdaqGM: CECE), a global leader in air pollution control systems, product recovery and filtration technology, announced today that it has completed the previously announced acquisition of Met-Pro Corporation. With pro forma revenues of approximately $300 million, the transaction creates a clear global market leader in air pollution control, product recovery and fluid handling technology.
CECO Environmental is a provider of industrial air quality and fluid handling serving the energy, industrial and other markets through an asset-light business model. Co. has three reportable segments: Energy Solutions, which provides offerings that improve air quality with engineered, and customized solutions for the power generation, oil and gas, and petrochemical industries; Industrial Solutions, which provides a set of air pollution control technologies to reduce carbon footprint, and lower energy consumption, among others; and Fluid Handling Solutions, which provides pump and filtration solutions that maintain safe and clean operations in harsh and toxic environments.
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Strong Buy (3.80 out of 4)
(ranked higher than approx. 75% of all stocks covered)
Based on Zacks ABR data;
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