The Zacks Analyst Blog Highlights: CECO Environmental, Met-Pro, Calgon Carbon, Fuel-Tech and Industrial Services of America

The Zacks Analyst Blog Highlights: CECO Environmental, Met-Pro, Calgon Carbon,
                 Fuel-Tech and Industrial Services of America

PR Newswire

CHICAGO, April 29, 2013

CHICAGO, April 29, 2013 /PRNewswire/ -- announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include CECO Environmental Corp.
(Nasdaq:CECE), Met-Pro Corp. (NYSE:MPR), Calgon Carbon Corp. (NYSE:CCC),
Fuel-Tech Inc. (Nasdaq:FTEK) and Industrial Services of America, Inc.


Get the most recent insight from Zacks Equity Research with the free Profit
from the Pros newsletter:

Here are highlights from Friday's Analyst Blog:

CECO to Acquire Met-Pro

CECO Environmental Corp. (Nasdaq:CECE) recently announced that it has signed
an agreement to acquire Met-Pro Corp. (NYSE:MPR). Met-Pro is a niche-oriented
provider of product recovery, pollution control, fluid handling and filtration
solutions across multiple diversified end-markets, globally.

As per the terms of the agreement, CECO will purchase all the outstanding
shares of Met-Pro common stock in a cash and stock transaction. The total
value of the deal is approximately $210 million, or $13.75 per share,
reflecting a 43% premium to Met-Pro's share price as on the close of April 19,

In addition, the purchase includes $7.25 per share in cash and $6.50 per share
in CECO common stock. Further, according to the terms of the agreement,
Met-Pro's shareholders may also choose to exchange each share of Met-Pro
common stock for either $13.75 in cash and/or shares of CECO shares. For this,
CECO shares need to have a value based on the volume weighted average trading
price of CECO common stock for the 15-trading day period ending on the day
immediately previous to the closing of the acquisition.

Post the acquisition, CECO becomes a market leader in air pollution control,
product recovery and fluid handling technology, globally. The products and
offerings of both the companies perfectly complement each other and provide a
wider portfolio of services.

After the acquisition, CECO expects to serve a customer base of more than
11,500 worldwide. The combined businesses will offer a broader set of products
and services through a truly end-to-end pollution control technology solution
in an environment where customers are increasingly demanding comprehensive
solutions from fewer vendors and service providers.

Apart from this, the acquisition will also benefit CECO with a well-balanced
geographic portfolio of products and services in key emerging markets. The
transaction is expected to be accretive to CECO's earnings per share, margins
and cash flow. The combined company expects to generate revenues of about $300
million and about $9 million in cost synergies once operational. 

CECO Environmental currently has a Zacks Rank #2 (Buy). Some other companies
operating in the same industry and also worth considering at the moment are
Calgon Carbon Corp. (NYSE:CCC) which has a Zacks Rank #1 (Strong Buy)
andFuel-Tech Inc. (Nasdaq:FTEK) and Industrial Services of America, Inc.
(Nasdaq:IDSA), both of which have a Zacks Rank #2 (Buy).

Want more from Zacks Equity Research? Subscribe to the free Profit from the
Pros newsletter:

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative
analysis to help investors know what stocks to buy and which to sell for the

Continuous coverage is provided for a universe of 1,150 publicly traded
stocks. Our analysts are organized by industry which gives them keen insights
to developments that affect company profits and stock performance.
Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the
latest analysis from Zacks Equity Research. Subscribe to this free newsletter

About Zacks is a property of Zacks Investment Research, Inc., which was formed
in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in
stock market data that would lead to superior investment results. Amongst his
many accomplishments was the formation of his proprietary stock picking
system; the Zacks Rank, which continues to outperform the market by nearly a 3
to 1 margin. The best way to unlock the profitable stock recommendations and
market insights of Zacks Investment Research is through our free daily email
newsletter; Profit from the Pros. In short, it's your steady flow of
Profitable ideas GUARANTEED to be worth your time! Register for your free
subscription to Profit from the Pros at

Visit for information about the performance
numbers displayed in this press release.

Follow us on Twitter:

Join us on Facebook:

Disclaimer: Past performance does not guarantee future results. Investors
should always research companies and securities before making any investments.
Nothing herein should be construed as an offer or solicitation to buy or sell
any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339

SOURCE Zacks Investment Research, Inc.

Press spacebar to pause and continue. Press esc to stop.