Catherine Dunn, the chief executive officer of Environics Inc., has acquired majority ownership from a co-founder of the 25-year-old Tolland gas-flow instrument maker.
Dunn, and husband, Terrence — both of whom work for the company — bought out co-founder Edward Anderson, who was part of the original investor group that started privately held Environics in 1986. Anderson is pursuing other business interests, the parties said in a statement Monday.
Financial terms were not disclosed.
Catherine Dunn, who joined Environics in 1990, will be involved in long-term strategic planning and will retain her current responsibilities, which include leading the global sales team.
Terrence Dunn, who joined Environics in 1994, will be president and chief operating officer. He will continue to be responsible for the day-to-day operations.
Environics makes and markets, among things, computerized gas-flow instruments for precisely measuring gases used in food packaging, welding and other industrial operations.Â
It also makes a breathing apparatus that the U.S. Navy uses to teach pilots how to recognize — and function — when cockpit oxygen levels are too low.
Catherine Dunn says she anticipates continued sales growth for both existing products and the new systems currently being developed.
