DuPont to Acquire Memcor Business From Evoqua
October 03 2019 - 7:53AM
Dow Jones News
By Michael Dabaie
DuPont (DD) said it would acquire the Memcor business from
Evoqua Water Technologies Corp. (AQUA).
The transaction, which includes ultrafiltration and membrane
biofiltration technologies, is expected to close by the end of
2019.
Water and wastewater treatment solutions company Evoqua said the
sale of Memcor allows it to focus on core products.
The deal includes the product line's global workforce, its
manufacturing site in Windsor, Australia, associated operations and
intellectual property.
DuPont said the Evoqua ultrafiltration and membrane
biofiltration technologies add to its portfolio of water
purification and separation capabilities.
"Recently, we announced the intended acquisition of BASF's
ultrafiltration membrane business. This second announcement
reinforces our commitment to invest in specialty solutions aligned
with high growth, attractive end markets where our continued
innovation and customer relationships add value." said DuPont Chief
Executive Marc Doyle.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 03, 2019 07:38 ET (11:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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