The acquisition will strengthen Chatsworth-based Cavitation Technologies’ global position by opening up more markets for its proprietary nanoreactor applications and business opportunities, the company said in a statement.
Cavitation manufactures fluid handling systems for the manufacture of edible oils, renewable fuels, alcoholic beverages and clean water.
Alfa Laval in Lund, Sweden, is one of the world’s leading suppliers of products and solutions for heat transfer, separation and fluid handling. Its products are used in the manufacture of food, chemicals, pharmaceuticals, starch, sugar and ethanol.
Since 2010, Cavitation has granted an exclusive license to Desmet Ballestra – with exclusive rights to market, sell and supply its nanoreactor systems – for the sole purpose of producing or processing vegetable oils and fats, or oleochemicals , according to the press release.
Roman Gordon, Global Chief Technology Officer and Founder of Cavitation Technologies, said the company is looking forward to continuing its relationship with Desmet and Alfa Laval as it anticipates an acceleration in global sales in the coming months.
“We are excited to have the opportunity to extend our technology not only to vegetable oil refining, but also to industrial and municipal wastewater treatment, pharmaceutical and biotechnology as well as other industries. applicable,” Gordon said in a statement.
Shares of Cavitation Technologies (CVAT) closed nearly 5 cents in the OTC market on Tuesday.