International Surface Preparation Corp. (ISPC), a privately owned group of investment partners based in Evergreen, CO, has announced an agreement to acquire USFilter's Surface Preparation Group.
"As a supplier of capital equipment and after-market services to the automotive, aerospace and foundry industries, our company will be well-positioned to take advantage of the improving economic environment in North America, as well as in Europe and Asia," says Richard Bard, CEO of ISPC and chairman of the Federal Reserve Bank of Kansas City.
"The Surface Preparation Group has roots reaching back some 100 years, with leading brand names in the global surface-preparation industry, including Wheelabrator and Blastrac," Bard says. "Our primary focus will be on enhancing technology development and service to our customers. In addition, ISPC will be making a significant investment in capital and human resources to fuel future growth."