This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Artesian Completes Acquisition Of The Water Assets Of CECO Utilities, Inc.

Artesian Water Maryland, Inc., a subsidiary of Artesian Resources Corporation (NASDAQ: ARTNA), on Wednesday closed on its agreement to acquire the water assets of CECO Utilities, Inc., a small company serving approximately 160 customers in Cecil County, Maryland.

CECO’s water system assets include mains, a treatment facility and a 200,000-gallon elevated water storage tank. Artesian is connecting the system to its Cecil County water system to ensure adequate water supply to CECO’s customers in the communities of Pines at Cherry Hill and Manchester Park and to extend service to two public schools and a W.L. Gore plant.

“We are pleased to welcome our newest customers and extend our commitment to provide safe, reliable, affordable water service in Cecil County,” said Dian C. Taylor, chair, president and CEO of Artesian Resources. “This year alone, we will have installed six miles of new water lines in Cecil County to link and expand our systems. We are building a system that will meet current and future demand in the county’s designated growth area.”

In the last several years, Artesian Water Maryland has invested nearly $20 million dollars to acquire and expand water systems in the eastern and western portions of Cecil County, with the ultimate goal of creating an integrated system with a reliable water supply.

About Artesian

Artesian Resources Corporation operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater and related services on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest investor-owned public water utility on the Delmarva Peninsula and has been providing superior water service since 1905. Artesian Water Maryland, Inc. began operations in August 2007 and now has water service franchise areas stretching from the Susquehanna River to the Delaware state line along Cecil County, Maryland’s designated I-95/Route 40 growth corridor.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs