Contech Construction Products, Inc. Purchase

A civil engineering site solutions products and services
company, today announced the acquisition of Vortechnics, Inc., provider of engineered solutions for the treatment of stormwater
runoff. Through the purchase of 100 percent of the outstanding shares of
Vortechnics, Vortechnics has become a wholly owned subsidiary of CONTECH.
With products serving the municipal, industrial and commercial
construction markets, Vortechnics has been a pioneer in the treatment of
stormwater pollution, developing several technological innovations for the
rapidly evolving stormwater management industry, including the award winning
Vortechs(R) System, which is used to clean stormwater that runs off parking
lots, roads and other impervious surfaces. If not removed from this runoff,
the pollutants can accumulate in surface waters damaging ecosystems and
diminishing habitats for native plant, fish and bird species.
“This is a natural transition for the relationship between these two
companies,” said Patrick M. Harlow, president and chief executive officer of
CONTECH. “CONTECH established a position in the stormwater market with
detention systems and drainage solutions. We strengthened our position with a
sales representative agreement with Vortechnics in 2002. This acquisition
solidifies CONTECH as the leader in technology and solutions for the
stormwater industry.”
With a sales force of more than 170 sales engineers across the country,
this acquisition further strengthens CONTECH’s competitive posture and ability
to lead the construction products industry in offering the full continuum of
products and services.
“Together, Vortechnics and CONTECH will have a comprehensive portfolio of
stormwater solutions products, creating a single source for the civil
engineering community. Our combined strengths will give us the power to serve
our customers in a way Vortechnics could not accomplish on its own,” said
David Miley, CEO of Vortechnics. “By joining with CONTECH, we are able to
fulfill several key strategic objectives and strengthen our commitment to
cleaning up the nation’s waters. We have an unrelenting passion for helping
our customers achieve their water quality objectives with site specific
solutions, and CONTECH is the ideal partner to help us continually reach for
that vision.”