ALLETE Subsidiary U.S. Water Acquires Tonka Water, a Minnesota-Based Supplier of Water Treatment Systems
September 08 2017 - 6:30AM
Business Wire
ALLETE Inc. (NYSE: ALE) announced today that its wholly owned
subsidiary U.S. Water Services has purchased Tonka Water, a major
supplier of municipal and industrial water treatment systems.
The addition of Tonka Water, based in Plymouth, Minnesota,
expands U.S. Water’s integrated water treatment equipment offerings
while adding new customers in the municipal and industrial sectors.
Tonka Water, founded in 1956, has a long and successful history of
delivering high-quality water treatment systems for customers
throughout North America, with more than 2,300 system installations
in 49 states and four Canadian provinces.
"This strategic acquisition, like the earlier additions of Water
& Energy Systems Technologies and A and W Technologies, expands
U.S. Water's geographic and customer markets, its equipment
portfolio and its field service offerings," said ALLETE Chairman,
President and CEO Alan R. Hodnik. "ALLETE continues to execute its
strategy of supporting U.S. Water’s growth both organically and
through tuck-in acquisitions as the company expands in the U.S. and
Canada. Societal expectations, regulation and resource scarcity
increasingly require sustainable solutions, and ALLETE is
well-positioned in the emerging energy-water nexus."
Based in St. Michael, Minnesota, U.S. Water has a national
footprint and serves a growing and diverse mix of more than 4,800
industrial customers, including a significant number of Fortune 500
companies. U.S. Water provides integrated water solutions for
industry by combining chemicals, equipment, engineering and service
to optimize system performance, reduce water and energy use, and
improve efficiency.
"The addition of Tonka Water to the U.S. Water family expands
our integrated capabilities in the industrial market and broadens
our overall equipment offerings into the municipal market,” said
LaMarr Barnes, U.S. Water CEO. "Their experienced employees will
strengthen our engineering capabilities, and allow us to further
leverage our chemical and service offerings to provide our
customers more options. We are very excited to welcome Tonka Water
to the U.S. Water family."
ALLETE Inc. is an energy company headquartered in Duluth,
Minnesota. In addition to its electric utilities, Minnesota Power
and Superior Water, Light and Power of Wisconsin, ALLETE owns
ALLETE Clean Energy, based in Duluth; U.S. Water Services in St.
Michael, Minn.; BNI Energy in Bismarck, N.D.; and has an eight
percent equity interest in the American Transmission Co. More
information about ALLETE is available at www.allete.com.
ALE-CORP
The statements contained in this release and statements that
ALLETE may make orally in connection with this release that are not
historical facts, are forward-looking statements. These
forward-looking statements involve risks and uncertainties and
investors are directed to the risks discussed in documents filed by
ALLETE with the Securities and Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20170908005064/en/
ALLETE, Inc.Investor Contact:Vince Meyer,
218-355-3276vmeyer@allete.com
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