Structural Integrity Associates, Inc.’s Intended Acquisition of Finetech, Inc. Expands Water Chemistry and Chemical Engineering Expertise
SAN JOSE, Calif - Tuesday, November 18th 2014 [ME NewsWire]
(BUSINESS WIRE)-- Structural Integrity Associates, Inc. announces that it has entered into a Letter of Intent to acquire Finetech, Inc., a privately owned industry leader in applications and solutions in chemical control processes for asset preservation and optimized operation for nuclear power generation. Founded in 1983 and based in Parsippany, New Jersey, Finetech, Inc. (Finetech) is a leading engineering consulting firm for water chemistry and power plant and industrial water processes.
Structural Integrity Associates, Inc. (SI), headquartered in San Jose, California, is a 31-year old, employee-owned engineering consulting company. Structural Integrity has a dozen offices across the US, including four international sites. Their renowned integrated services include license renewal, nondestructive examination, asset management, fatigue management and stress analysis for nuclear power plants, fossil power plants, combined cycle plants, and oil and gas pipeline transmission and distribution.
“With the addition of Finetech, Structural Integrity will broaden our capabilities even further to continue providing our clients valuable, integrated and innovative solutions. Not only does Finetech complement our prior acquisition of ANATECH Corp in developing a leading reactor and fuel performance services offering, but we see many opportunities to apply their capabilities throughout our business and reach into all the markets we serve,” said Laney Bisbee, CEO of Structural Integrity Associates, Inc.
Joe Giannelli, President and Co-founder of Finetech, said, “The merger with Structural Integrity will provide more opportunities for Finetech to apply our chemical engineering and chemistry expertise to assist current and new clients. We embrace this opportunity to continue our work in the nuclear power industry while taking on new technical challenges to expand SI’s capabilities as a world renowned engineering consulting company.”
About Structural Integrity Associates, Inc.
Structural Integrity Associates, Inc. is an internationally recognized leader in the prevention and control of structural and mechanical failures, with a strong presence in the power generation industry. With headquarters in San Jose, CA, Structural Integrity serves clients worldwide through branch offices located throughout the US and Canada, as well as through affiliates located in China, Taiwan, Korea, Switzerland, and Spain. Structural Integrity’s expertise encompasses a broad range of issues critical to the commercial success of nuclear power plants, including nuclear fuel reactors, as well as fossil-fired plants, oil & gas pipelines, and civil infrastructure, worldwide.
About Finetech, Inc.
With headquarters based in Parsippany, NJ, Finetech has been servicing power industry clients in design, development, operational improvements, assessments and evaluations for water chemistry and power plant and industrial water processes since 1983. Finetech’s water chemistry expertise is applied in the nuclear power industry to control environmental cracking and corrosion, ensure fuel reliability and minimize radiation fields. Finetech is also an experienced engineering firm in designing, fabricating and supporting the installation and startup of water purification system hardware and instrumentation & control upgrades at U.S. and non-U.S. nuclear power plants.
Contacts
Structural Integrity Associates, Inc.
Vicki Douglass,
704-977-2332
vdouglass@structint.com
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