Calix (ASX:CXL) buys IER, a US supplier of Magnesion Hydroxide Liquid

  • Home
  • Company News
  • Calix (ASX:CXL) buys IER, a US supplier of Magnesion Hydroxide Liquid
11Dec

Calix (ASX:CXL) buys IER, a US supplier of Magnesion Hydroxide Liquid

 

Calix (ASX:CXL) has acquired Inland Environmental Resources Inc., a US supplier of Magnesium Hydroxide Liquid (MHL).

It’s for the treatment of wastewater in food processing, industrial and municipal markets.

The acquisition follows the successful completion of a $12 million institutional placement to fund this strategic acquisition announced back in September.

Inland Environmental Resources Inc. is a well-established customer-centric business with a proven history of successful MHL sales into US wastewater treatment markets, particularly in the Pacific North West and Mid-West.

It has annual reported revenues of $13.4 million spread across 80+ customers.

Shares in Calix (ASX:CXL) are trading flat at 77 cents.
 
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

15Jun

Stocks of the Hour: Magnis Energy Tech, GreenTech Metals, QX Res, Lake Res

15 Jun 2023 - A snapshot of the stocks on the move featuring Magnis Energy Technologies (ASX:MNS), GreenTech Metals (ASX:GRE), QX Resources (ASX:QXR) and Lake Resources (ASX:LKE).

Read More
24Feb

Jumbo Interactive (ASX:JIN) increase dividend to 18.5 cents

24 Feb 2020 - Lottery provider Jumbo Interactive (ASX:JIN) report net profit after tax rose 14 per cent to $14.4 million and EBITDA rose 17 per cent to $22.9 million on the same corresponding period.

Read More
03Aug

Stocks of the Hour: News Corp, Credit Corp & PointsBet

03 Aug 2021 - A snapshot of some of the news that broke today, featuring News Corp (ASX:NWS), Credit Corp (ASX:CCP) & PointsBet (ASX:PBH).

Read More
29Jul

Karoon Energy (ASX:KAR) founder set to retire

29 Jul 2020 - Founder and long-standing Chief Executive and Managing Director of Karoon Energy (ASX:KAR), Robert Hosking, is set to retire at the company's 2020 annual general meeting after 16 years in the position.

Read More
14Nov

Stocks of the Hour: Altech Batteries, Si6 Metals, True North Copper

14 Nov 2023 - A snapshot of the stocks on the move, featuring Altech Batteries (ASX:ATC, FRA:A3Y), Si6 Metals (ASX:Si6) and True North Copper (ASX:TNC).

Read More
26Nov

Virgin Money UK (ASX:VUK) withdraws FY22 targets

26 Nov 2020 - Virgin Money UK (ASX:VUK) report statutory loss after tax of £141 million - this is inclusive of £292 million of exceptional items, including £139 million of integration transformation costs, £113 million of acquisition accounting unwind and £26m of conduct charges.

Read More
25Sep

1300SMILES in discussions with Abano

25 Sep 2019 - 1300SMILES (ASX:ONT) has commented on its interest in acquiring the Maven Dental Group from NZX listed Abano Healthcare Group Limited (NZX:ABA) confirming it is in confidential discussions with Abano.

Read More
18Mar

Volpara Health Technologies (ASX:VHT) reports excellent results in 2nd round in breast cancer screening

18 Mar 2021 - Health software company Volpara Health Technologies (ASX:VHT) reports their trial in breast cancer screening had excellent results in the second-round.

Read More
18May

Stocks of the Hour: Charter Hall, Woodside Petroleum & Rex

18 May 2021 - Our snapshot of notable stocks for the hour featuring Charter Hall, Woodside Petroleum & Rex.

Read More
27Nov

Portfolio manager Nick Anagnostou to leave Charter Hall Social Infrastructure REIT (ASX:CQE)

27 Nov 2019 - The Charter Hall Group (ASX:CHC) is set to see some management changes to its managed listed REIT, the Charter Hall Social Infrastructure REIT (ASX:CQE) with portfolio manager Nick Anagnostou leaving the group to pursue other opportunities.

Read More