CECO Environmental forms damper joint venture with Mader Machine Co.

CECO Environmental agreed to form a joint venture combining its Effox-Flextor damper business with the damper business of Mader Machine Co., a CHIEF Capital portfolio company. CECO will hold 70 percent of the equity and consolidate the joint venture.

“CECO will hold 70 percent of the equity, consolidate the financial reporting, maintain 2 of 4 board seats”prnewswire.com

• 1 source
• prnewswire.comCECO Environmental Announces Joint Venture Between Its Effox-Flextor Business And Mader Machine Co., A Portfolio Company Of CHIEF Capital, To Strategically Align For Growth And Efficiencies.Aug 4, 2020

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