LiqTech International to acquire BS Plastic.

LiqTech International, a clean technology company that manufactures and markets highly specialized filtration technologies, agreed to acquire BS Plastic, a specialized plastics manufacturer based in Denmark. Financial terms were not disclosed. Sune Mathiesen, CEO of LiqTech International, commented, "We are excited to advance one of the key components of our margin optimization program — the in-sourcing of certain core manufacturing activities. Upon closing of the acquisition, LiqTech will immediately in-source the manufacturing of plastic tanks and machined plastic products for its water filtration systems. We expect the payback to shareholders to be relatively short on this investment, based on cost savings and profit from BS Plastic´s existing operations. We are excited to integrate the BS Plastic team into the LiqTech Group and look forward to further leveraging their capabilities in the years to come."