Smith and Loveless Inc. Acquires Schloss Engineered Equipment Inc.

Smith & Loveless are announcing Its new acquisition of Colorado based company Schloss Engineered Equipment Inc. End Quote

Kansas City, MO-KS (1888PressRelease) January 29, 2015 - Smith & Loveless Inc., the global leader in advanced grit removal and handling technology, announces the asset acquisition of longtime headworks equipment designer Schloss Engineered Equipment Inc., Aurora, Colo. The parties agreed not to disclose the terms of the acquisition.

The acquisition supports Smith & Loveless' strategy of augmenting its market leadership in wastewater headworks and separation technologies by expanding its offerings for its industry partners and customers. Schloss designs a comprehensive line of headworks screening, compacting, conveying, washing and dewatering technologies, backed by more than 100 years of operation.

"The well-respected Schloss brand in screening technology and headworks dewatering equipment - established by the technical ingenuity of the Schloss family - stands for robust design and engineering, and remarkably complements Smith & Loveless' market-leading grit removal equipment," said Smith & Loveless President Frank J. Rebori. "Our combined screening and grit removal technologies enable Smith & Loveless to deliver to our customers exceptional value and performance for municipal headworks and industrial liquid-solids separation applications."

Schloss Chief Executive Officer and President Kristy A. Schloss commented on the significance of the acquisition: "Joining Smith & Loveless will accelerate the growth and legacy of the Schloss equipment line," Schloss said. "My father Charles Schloss (P.E.) and I are excited for this next chapter in the company's 116-year history, powered by Smith & Loveless' national and international distribution."

Schloss products will be incorporated into Smith & Loveless' Municipal, Industrial, After Market and International Sales Division offerings, while the acquired company will be re-launched as Schloss Environmental Equipment Inc., a Smith & Loveless Company.

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