Aqua-Chem Names Two Water Industry Executives to Key Finance and Engineering Positions

American-based leader in global water solutions expands management team

Knoxville, TN, April 17, 2012—Aqua-Chem, Inc., the leader in global water solutions, today announced that it has named Thomas Gillcrist as CFO and Ron Shook as Pharmaceutical Applications Engineer. They will report directly to David Gensterblum, President and CEO.

“Tom and Ron are valuable additions to the Aqua-Chem management team and provide valuable support for the implementation of our growth strategy,” Gensterblum said. “Tom has great experience in meeting the finance needs of companies with proprietary technology, and Ron’s background in the pharmaceutical and biotech sectors is a great fit for our Pharmaceutical/Biotech and Beverage Divisions. I look forward to working with them both.”

Gillcrist came to Aqua-Chem from CUSTOMatrix, Inc., where he successfully served as a Principal in Strategic Services for the past five years. Prior to that, he held upper-level management positions at AXEON Water Technologies, Tech M3, Ionics, Microbar Inc., and U.S. Filter. He earned his MBA from the University of Virginia—Darden Graduate School of Business Administration.

Shook joined Aqua-Chem, Inc. in 2011 as Business Development Manager for the Pharmaceutical/Biotech and Beverage Divisions. Since graduating from North Carolina State University in 1996 with his Bachelor’s Degree in Mechanical Engineering, Shook has held high-profile technical and management positions within the semi-conductor, pharmaceutical and biotech industries, specializing in the design, operation and maintenance of high purity water and critical utility systems.

About Aqua-Chem

Headquartered in Knoxville, TN, Aqua-Chem specializes in a multitude of industries with a full range of thermal and membrane water treatment technologies. These include vapor compression distillation, flash evaporation, reverse osmosis, membrane filtration and ion exchange. The company has been working with the U.S. government since 1943 ensuring deployed troops have drinking water that is safe. The company does business with over 100 global connections and has clients in areas including offshore oil and gas, pharmaceutical, commercial marine, micro utility, beverage and industrial.

Aqua-Chem is a portfolio company of Altus Capital Partners, Inc., an investment firm specializing in middle market manufacturing companies based in the U.S.

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