DULUTH, Minn.--(BUSINESS WIRE)--
ALLETE Inc. (NYSE: ALE) announced today that its wholly owned subsidiary
U.S. Water Services has purchased Water & Energy Systems Technology
(WEST) Inc.
WEST, based in Southern California, provides specialty chemicals and
engineering services for water treatment in commercial and institutional
facilities, light industry, oil extraction and refining, and central
heating/cooling plants. The company has been helping customers reduce
operating costs related to water and energy use for nearly 20 years and
is dedicated to partnering with customers to provide exceptional results.
"This strategic tuck-in acquisition expands U.S. Water's footprint in
the California market, where sustainable solutions for water
conservation are in increasing demand," said ALLETE President, Chairman
and CEO Alan R. Hodnik. "The purchase of WEST demonstrates ALLETE's
strategy of supporting the continued growth of U.S. Water both
organically and through acquisitions as the company expands in the U.S.
and Canada. It also exemplifies ALLETE's focus on the water-energy nexus
and the company's strategy to deliver a sustainable future for our
industries, our customers, our shareholders and our nation."
Based in St. Michael, Minnesota, U.S. Water has a national footprint and
serves a growing and diverse mix of more than 4,000 industrial
customers, including a significant number of Fortune 500 companies. U.S.
Water provides integrated water management for industry by combining
chemicals, equipment, engineering and service for customized solutions
to reduce water and energy use and improve efficiency. U.S. Water has a
deep commitment to addressing the water issues in California and the
southwestern United States, and the acquisition of WEST will support
efforts in this region.
"The addition of WEST to the U.S. Water family broadens our national
footprint by adding a production facility in this part of the country
and also strengthens our reach in several key industries," said Allan
Bly, U.S. Water CEO. "We are very excited to have WEST join the U.S.
Water family. Their experienced and customer-focused engineers will be a
great addition to our team."
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 Center,
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. Actual results may differ
materially from those projected in the 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161118005044/en/
ALLETE Inc.
Investor Contact:
Vince Meyer, 218-723-3952
vmeyer@allete.com
Source: ALLETE Inc.
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