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CECO Environmental Acquires Effox, Inc.
Cincinnati, OH — CECO Environmental Corp. (NASDAQ: CECE), a provider of air pollution control and industrial ventilation systems, has completed the acquisition of Effox, Inc. in an all cash transaction. Effox, located in Cincinnati, Ohio, engineers and manufactures dampers and expansion joints for use in flue gas and process air handling systems and is a provider of equipment to the power industry. Effox also provides design, rebuilding and repair services for a variety of existing industrial systems.

Phillip DeZwirek, Chairman and CEO of CECO stated, "Effox had sales last year of approximately $28 million. We expect this acquisition to enhance both our revenues and our earnings. Effox had a $34 million backlog as of February 28, 2007, which combined with CECO's year end backlog, would have been $131 million at that time. More importantly, we are continuing our `horizontal integration' strategy and deepening our penetration of the power industry, an area where we see significant growth opportunities."

For more information, contact: CECO Environmental Corp.,3120 Forrer St., Cincinnati, OH 45209 800-333-5475 or 513-458-2600 fax: 513-458-2647 E-mail: sales@cecoenviro.com Web: http://www.cecoenviro.com

 

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