Flo Trend Systems Acquired by Management Team

Group 42 Inc. announced that it has completed the asset sale transaction of its subsidiary, Flo Trend Systems. The purchase closed February 10, 2016, after Wasser Logistics Holdings LLC, led by members of Flo Trend Systems management including COO Martin Kroesche, and Genesis Park, LP, a private equity firm, acquired the company.“The decision to sell Flo Trend Systems was made after careful review of Group 42’s assets in 2015,” said Group 42 President and CEO Paul A. Bell. “It complements our business strategy of allocating capital toward new strategic opportunities as a result of the continuing uncertainty in global commodity markets.”As a leader in the filtration, liquids/solids separation,