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/ -- Zacks.com 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.
(Nasdaq:IDSA).

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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,
2013.

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).

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