Energy Recovery expects the consolidation to significantly reduce costs, improve efficiencies and enhance research and development efforts.
 
“While we regret the impact of the plan on our Michigan employees, consolidation is the right decision for our shareholders and customers,” said Thomas Rooney, CEO of Energy Recovery. “This is a great opportunity for the company to streamline its manufacturing operations, reduce production costs and improve its financial performance. In keeping with our corporate strategy to diversify into new strategic market segments of large addressable size, the consolidation will also allow us to accelerate the launch of next-generation products.”