[September 1, 2016] – Filtra-Systems Company “Filtra” and CNI Commercial, LLC “CNI” (a subsidiary of Chickasaw National Industries, Inc.) are pleased to announce CNI’s majority equity investment in Filtra. CNI brings significant resources and industry relationships to complement Filtra, the global leader in custom industrial filtration and separation systems. Additionally, as a tribally owned enterprise, CNI brings Minority Business Enterprise (MBE) status to the partnership.
Scott and Keith Bratten will continue to oversee Filtra’s corporate strategy and operations as the company looks to continue growth and expansion opportunities. The transaction includes a contribution by CNI of its manufacturing facility in Oklahoma which, on a combined basis, provides for significant expansion opportunities, additional manufacturing capabilities and global scale.
Chickasaw Nation Governor Bill Anoatubby said that CNI’s investment in Filtra will benefit everyone involved. “We believe this investment in Filtra-Systems is a great strategic investment for CNI and an excellent economic development opportunity for the Chickasaw Nation,” said Gov. Anoatubby. “This collaboration offers the potential to build on the current success of Filtra, while also expanding operations and increasing employment opportunities at our manufacturing facility in Marietta, OK.”
Scott Bratten, CEO of Filtra, added, “We are thrilled to be partnering with the Chickasaw team and to find new ways to expand our business. We are confident that we can take our portfolio of proprietary products to an even larger customer base by working together.” David Nimmo, CEO of CNI, added, “Filtra has built a tremendous business that shares CNI’s core values and advances our efforts to provide high-quality, custom-engineered products to our customers. The Filtra management team and their employees have developed some of the best technology for environmentally-friendly wastewater filtration, which is an important concern for the people of Oklahoma and beyond.”
Terms of the transaction are not being disclosed.
About Filtra-Systems “Filtra”:
Filtra, based in Farmington Hills, MI, is the global leader in custom-engineered industrial filtration and separation systems. Filtra brings over 34 years of experience working with blue chip players in the automotive, aerospace, energy and other industrial sectors. Filtra has installed over 16,000 filtration systems worldwide including machine tool coolant filtration systems, liquid-solid separation systems, chip processing systems and mist collection systems (to name a few) while developing a portfolio of over 50 patents.
About Chickasaw Nation Industries, Inc. “CNI”:
CNI is a federally-chartered corporation wholly owned by the Chickasaw Nation. Headquartered in Norman, Oklahoma, CNI serves as a holding company with over a dozen subsidiaries that operate as Limited Liability Companies (LLCs) engaged in multiple lines of business. CNI is proud to support the economic development of the Chickasaw Nation and to contribute to the tribal mission of enhancing the overall quality of life of the Chickasaw people.