Tennant Acquires Ohio-Based Water Star
Minneapolis-based Tennant Company on Thursday said that it has bought Water Star, Inc., a Newbury, Ohio-based company that specializes in electrochemistry and develops environmentally friendly systems used in cleaning and disinfecting water and surfaces.
The financial terms of the acquisition were not disclosed. Tennant said that the deal adds to its intellectual property portfolio and supports the existing products of Orbio Technologies Group, the St. Louis Park-based arm of Tennant that specializes in sustainable cleaning technology.
“Tennant Company and Orbio are thrilled to join forces with Water Star,” Karla Leis, general manager for Orbio, said in a statement. “Water Star principals Marilyn and Andy Niksa bring the proprietary knowledge and specialized expertise in the area of electrochemical systems that we believe will open new opportunities and accelerate our pursuit of sustainable cleaning, sanitizing, and disinfecting solutions.”
Tennant's product line already includes a variety of green cleaning products, including the Ionator, which is licensed to Rogers-based Activeion Cleaning Solutions, LLC.
Tennant is among Minnesota's 45 largest public companies based on its 2009 revenue, which totaled $595.9 million. The company reported revenue of $667.7 million in 2010.