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May 10, 2024

Family office in Southington takes equity stake in water treatment device manufacturer

Contributed Fractal Water Super Imploder vortex magnetic system.

A family office in Southington, D.R. Elliott & Co. LLC, has invested in a water treatment device manufacturer based in Harwinton.

DRECo announced that it has invested a “substantial amount of financial capital and resources” into Fractal Water LLC, which produces a proprietary vortex magnetic system.

The system conditions water to make it more efficient in hydroponics, greenhouses and growing agricultural crops. It can reduce energy consumption by 10% and can increase yields in agriculture by 10% to 30%, according to the company.

DRECo did not disclose the amount of its cash infusion into Fractal, which currently has three employees. 

DRECo said its investment is aimed at commercializing Fractal’s research and development technology through its other holdings. 

DRECo CEO David R. Elliott said the company plans to secure Fractal’s intellectual property, obtain a patent and incorporate the manufacturing into another DRECO-owned business, WANHO Manufacturing LLC in Cheshire.

Fractal will eventually move from its current location in Harwinton to WANHO’s facility at 150 Knotter Drive, he said.

Elliott said he expects roughly $10 million in growth within two years. The company will employ about 15 people in Connecticut.

The water conditioning arena is growing as water conservation becomes more of a priority, he added.

“We firmly believe water conservation will be the next boom as it is becoming more and more of a global problem,” Elliott said.

DRECo also owns Cheshire-based Ai-Tek Instruments, which manufactures magnetic speed sensors and tachometers.

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