March 4, 2016 — PVS Chemicals, Inc., has learned that the City of Bismarck, North Dakota has filed suit in the Federal District Court for the Central Division of California alleging various antitrust violations involving the sale of ferric chloride in the United States. Substantially all sellers of ferric chloride in the U.S. have been included as defendants, including PVS, PVS Technologies (a PVS subsidiary) and California Water Technologies (a joint venture owned 50% by PVS). PVS has confirmed that none of the PVS defendants has ever sold ferric chloride to the City of Bismarck. PVS denies all liability to the City of Bismarck and intends to vigorously contest the City’s claims.
PVS Chemicals, Inc. has been in business since 1945 and has over 900 employees in North America, Europe and Asia. The PVS family of companies includes PVS Technologies, Inc., a leading marketer and manufacturer of ferrous and ferric chloride.
Please direct any questions regarding this announcement to Jim M. Nicholson at 313-921-1200.