The company announced Tuesday that USA company leadership has successfully reacquired total ownership of Centrisys from Techcent, a Chinese company. The transaction closed on Dec. 31, 2021. Terms of the deal were not disclosed.
Centrisys builds centrifuges that are used in water and wastewater treatment, oil processing and recovery, food processing and biofuel plants throughout the world.
“This step is a tremendous opportunity to invest in our future. For our customers and suppliers, it creates certainty and predictability. For our employees, it offers greater stability and a prosperous future,” said Michael Kopper, founder and chief executive officer at Centrisys.
A native of Germany, Kopper founded Centrisys Corp. in Libertyville, Illinois in 1987 with a business partner. The company moved to Kenosha in 1999. Centrisys and Techcent formed a joint venture in 2007 which gave Centrisys access to new markets in Asia and lower cost manufacturing options. In 2015, Techcent purchased 80% of Centrisys. Kopper continued as chief executive officer of the company.
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