Logistec Corp. announced Oct. 30 that it has acquired, via its subsidiary Sanexen Environmental Services Inc., the Niedner business for cash consideration of US$13.4 million.

For the past 10 years, Niedner, a leading North American fire-hose manufacturer, has been the exclusive supplier to Sanexen of one crucial component of Aqua-Pipe, the structural lining developed by Sanexen used to rehabilitate watermains. Niedner benefits from its capacity to produce large diameter hoses, as well as a research and development team; both being unique in North America.

Niedner will become a wholly-owned subsidiary of Sanexen and, with this acquisition, Sanexen pursues its mission to become a leader in the watermain rehabilitation market.

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