StormTrap Acquires Fresh Creek
ROMEOVILLE, IL and CEDAR GROVE, NJ, Oct. 8, 2015—StormTrap, LLC, and Fresh Creek Technologies, Inc. today announced that they have entered into a definitive merger agreement under which StormTrap will acquire Fresh Creek in a stock transaction. The agreement was unanimously approved by the boards of directors of both companies.
David Plummer, President of StormTrap remarked, “This agreement with Fresh Creek demonstrates our commitment to prudently deploy capital to create stockholder value and deliver incremental revenue and growth in the near-term. In addition, Fresh Creek’s business aligns well with our commercial structure and is an excellent strategic fit for our business, which will benefit from an enhanced product portfolio in growing markets.”
StormTrap, LLC, a leading provider of stormwater management systems for sustainable land development, is committed to providing cost-effective stormwater management solutions to engineers, owners and municipalities. For the complete line of StormTrap’s stormwater products, including stormwater treatment, rainwater harvesting, stormwater infiltration and detention systems, please visit www.stormtrap.com
About Fresh Creek
In 1992, Fresh Creek started with one product and a goal to build the best trash and debris removal systems in North America. Since then, Fresh Creek has provided innovative Best Management Practice (BMP) products and services for the Stormwater and Combined Sewer Overflow (CSO) markets. For the complete line of Fresh Creek’s products and services, please visit www.freshcreek.com