Maxim Evaporators Acquired

Tuesday, December 16, 2008

Company officials announced that Maxim Evaporators was acquired in an asset purchase effective July 31, 2008.

Maxim Evaporators, LLC was formed for the purpose of acquiring the assets of Maxim from Beaird Company, Ltd of Shreveport, Louisiana. Maxim Evaporators was originally founded in the 1960’s for the purpose of manufacturing water purification equipment utilizing evaporative technology.

“After nearly 50 years of continuous
operation, the acquisition of the Maxim assets allows new ownership and management to assure the continuation of a nearly 50 year legacy that we hope to build on going forward,” according to a company spokesman. Certain of the key employees have joined the new organization.

Maxim intends to grow its existing core business of standard water makers and aftermarket parts and subassemblies. The company intends to add other technologies to its product line and pursue other applications for its technology including the treatment and management of salt water produced from land-based oil and gas production.

Maxim manufactures a series of standard fresh water makers that can be used in numerous applications. Models are available with capacities from 192 up to 22,500 gallons per day. Engineered units can be designed to produce up to 1,000,000 gallons per day of fresh water.

(www.maximevap.com)

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