Gemini Investors and Riviera Investment Group Acquire Solemetex

MISSION WOODS, Kan., Aug. 8, 2013 (GLOBE NEWSWIRE) — Layne Christensen Company (Nasdaq:LAYN) (“Layne” or the”Company”) today announced that on July 31, 2013 it sold all of the assets of its SolmeteX division to Gemini Investors, Riveria Investment Group and the management team of the SolmeteX division. Terms of the transaction were not disclosed. SolmeteX is a leading provider of dental amalgam separator devices and amalgam recycling services to the dental industry. Layne intends to use the proceeds from this sale to reduce outstanding debt.

Rene Robichaud, Chief Executive Officer of Layne, said, “The sale of SolmeteX, a world class provider of solutions relating to the dental industry is consistent with our strategy to complete approximately $20 million in non-strategic, non-core asset sales in FY 2014. SolmeteX remains a leader in the dental industry backed by an experienced management team and we wish them continued success.”

Layne Christensen Company
Layne is a global water management, construction and drilling company, providing responsible solutions to the world of essential natural resources – water, mineral and energy. We offer innovative, sustainable products and services with an enduring commitment to safety, excellence, and integrity.



Latest News

November 2022 – Riveria Investment Group and Valesco Industries-backed Fabian Couture Group announced it has acquired ...
June 27, 2022 – Riveria Investment Group announced today they have invested in PTC. Launched in 2009 and headquartered...
June 23, 2022 – Riveria Investment Group announced today they have invested in Pacific Production Services (“PPS”)...
June 7, 2022 – Riveria Investment Group announced today that JBC Holdings has merged with WorkGenius, an end-to-end fr...