Artesian expands in Maryland with purchase of small water utility

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Artesian Water Maryland, Inc., a subsidiary of Artesian Resources  Corp.,  closed on its agreement to acquire the water assets of CECO Utilities, Inc., a  company serving  about  160 customers in Cecil County, Md. Terms were not announced.

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  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, 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.

Plans to acquire the county wastewater system were dropped by Artesian following a lengthy legal battle with opponents and opposition from some county commissioners. Artesian is based near Newark, Del. and provides water, wastewater and engineering services in all three counties in Delaware as well as Cecil County.

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The company’s stock is traded in the over-the-counter market

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