Jet Fuel and Avgas Filtration and Separation Specialist

Velcon Filters, LLC Completes Acquisition of Chemflo

Colorado Springs, CO (November 30, 2009)
 

Velcon Filters, LLC (Velcon), a portfolio company of The Sterling Group, L.P., today announced that it has completed the acquisition of Chemflo, a division of Process Filtration, LLC.

  Chemflo, headquartered in Houston, TX was founded in 1998 by Clay Cravens. Chemflo specializes in the manufacturing of high capacity filters and coalescers for petrochemical producers, refineries, pipeline companies, natural gas processors, the food and beverage industry and many other process industries. Chemflo works as a partner with leading companies worldwide to improve their process margins by improving filtration and separations.

  Clay Cravens states that “the combination of the two companies joins together great people, innovation and quality. For Chemflo’s customers, we achieve all of our internal goals to grow our value including vessel and systems fabrication, improved brand awareness, ISO 9001 and internal systems to continue to optimize products to meet customer needs”.

  Velcon, headquartered in Colorado Springs, CO, is a niche manufacturer of filtration systems, including vessels and replacement cartridges that meet specific requirements for fluid filtration processes in a variety of domestic and international end-markets. Velcon is a global leader in the filtration process for jet fuel delivery, manufacturing products that filter, purify and remove water from jet fuel along the transport chain from the refinery to the aircraft. End users of Velcon’s products primarily include airports, contracted fuel providers, FBO operators, militaries, pipeline operators and to a lesser extent commercial and industrial diesel consumers, refineries and utilities.

  “The Velcon team believes this partnership will provide significant opportunities to further develop and expand the company’s reach, and to continue to provide excellent customer service.” said David Taylor, President and CEO of Velcon.

About The Sterling Group, L.P.
  Founded in 1982, The Sterling Group (www.sterling-group.com) is a private equity investment firm that targets controlling interests in basic manufacturing, industrial services and distribution companies. Typical enterprise values of these companies range from $100 to $500 million. Sterling has sponsored the buyout of over 35 platform portfolio companies and numerous add-on acquisitions aggregating a total transaction value of approximately $8 billion. Currently, Sterling has $600 million of committed capital under management.

Contact: Robin L. Mason, VP Sales & Marketing
Velcon Filters, LLC
1210 Garden of the Gods Road – Colorado Springs, CO 80907
Toll-Free: 800-531-0180, x 7216
Phone: 719-531-5855
http://www.velcon.com Email: vfsales@velcon.com