A resolution approving the planned name change from GLV Inc to Ovivo Inc was also adopted by GLV shareholders.
“The board of directors of GLV is pleased that the shareholders have approved the sale of the Pulp & Paper Division and the change of name to Ovivo Inc,” said GLV executive vice president and Ovivo president Marc Barbeau. “GLV will now be entirely focused on its core water treatment business, and will benefit from a strong financial position to capitalize on growth opportunities going forward.”
The sale is expected to close around 28 November 2014. GLV will change its name to Ovivo Inc a few weeks later, to reflect the corporation’s focus on water treatment products and solutions.
