Vortex Companies, a provider of trenchless water and sewer technologies, announced that it has acquired Applied Felts Inc.
Applied Felts Inc. is a cured-in-place-pipe (CIPP) lining manufacturer. It is home to the MaxLiner and FerraTex Solutions brands.
Vortex Companies said that the acquisition broaden its local support throughout the Americas, bringing technology solutions closer to customers.
"This marks a transformative moment for Vortex Companies and the industry at large,” said Mike Vellano, CEO of Vortex Companies. “The acquisition of Applied Felts Inc, its people and the great business they've built, positions us to provide a total offering, revolutionizing the way infrastructure projects are approached and completed. We are excited about the total impact this will have on our combined customer base and the industry."
"Joining forces with Vortex Companies represents an exciting chapter for Applied Felts Inc.,” said Alex Johnson, president of Applied Felts. “Applied Felts Ltd, based in the U.K., will continue to support all business in an advisory relationship. This is a significant step forward for the future of the industry we serve. There was no better choice than Vortex to carry the business forward and I look forward to continuing our long friendship and watching all the people of Applied Felts Inc. and Vortex flourish together."
The acquisition will boost Vortex’s regional reach, improving its service support, research and development, and lead times.
