April 2, 2020
Notice Regarding Merger and Trade Name Change of Consolidated Subsidiaries in the United States
Kurita Water Industries Ltd. (Head Office: Nakano-ku, Tokyo; President: Michiya Kadota; hereinafter "Kurita") announces that it merged its consolidated subsidiaries in the United States -- U.S. Water Services, Inc., Kurita America Inc., Fremont Industries, LLC, and Global Water Services Holding Company, Inc. .(*)-- and changed the trade name of the surviving company.
As a result of the merger, U.S. Water Services, Inc will be the surviving company. This company will start operating as a new company with a new name, Kurita America Inc., on April 1, 2020 (CST). By merging the four consolidated subsidiaries based in the United States, Kurita will integrate their sales and production systems, business models, products, technologies, and business administration systems, so as to improve the efficiency of business operations and provide comprehensive solutions to its customers.
- (*) Global Water Services Holding Company, Inc. holds shares of U.S. Water Services, Inc.
Overview of the new company
|New trade name||Kurita America Inc.|
|Date of trade name change||April 1, 2020|
|Location||12270 43rd St. NE, St. Michael, Minnesota 55376, U.S.A.|
|Position and name of representative||Masahiko Mitsuta, Chairman
LaMarr Barnes, CEO
|Business description||- Manufacture, sale, import, and export of water treatment chemicals - Manufacture, sale, design, construction, and maintenance of water treatment systems - Operation, maintenance, and management of water treatment facilities|
|Common Stock||10 US dollars|
|Date of establishment||June 9, 1997|
|Fiscal year-end||March 31|
|Major shareholders and their shareholding ratio||Kurita America Holdings Inc. (wholly owned subsidiary of Kurita): 100%|
- The impact of this merger on consolidated financial results of Kurita will be minor because the merger only
involves consolidated subsidiaries of Kurita.