Acquisition pays off

Seprotech Systems Inc. signs new Seprotech.jpgcontracts worth $1.6 million as it reaps the benefits of its October purchase of PJ Hannah Equipment Corp., which is responsible for half of the new business. “This is a strong initial endorsement of the acquisition and management’s strategy to expand through highly focused organic growth combined with strategic partnerships and acquisitions,” says Seprotech’s CEO Martin J. Hauschild. Seprotech bought BC-based PJ Hannah for an announced $1.15 million in cash and stock, contingent upon it meeting certain performance marks.

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