DuPont to acquire Memcor business including Evoqua filtration technologies
Wilmington, Del. - DuPont (NYSE: DD) has announced it has signed an agreement to acquire the Memcor business including ultra-filtration and membrane bio-filtration technologies from Evoqua Water Technologies Corp. The transaction is expected to close by the end of 2019, subject to customary closing conditions and regulatory approvals.
The move will strengthen DuPont’s water technology solutions division, of which the pulp and paper sector is user.
“Our strategic intent for the water solutions business is to have a robust portfolio of technologies so that our talented global organization can leverage a broad range of solutions to solve our customers’ most pressing challenges,” said Marc Doyle, DuPont CEO.
“Recently, we announced the intended acquisition of BASF’s ultra-filtration 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.”
The Evoqua ultra-filtration and membrane bio-filtration (MBR) technologies add to DuPont’s leading portfolio of water purification and separation capabilities including ultra-filtration, reverse osmosis and ion exchange resins. Together with the intended acquisition of BASF’s ultra-filtration business, which is also expected to close by the end of 2019 subject to customary closing conditions and regulatory approvals, DuPont will be even better positioned to provide the products, technology and geographic diversification needed to meet current and future customer demand.
“The addition of Evoqua’s ultra-filtration portfolio opens DuPont’s water solutions to additional market spaces including membrane bioreactors, submerged and pressurized ultra-filtration systems bringing more choice and opportunity for customers” said HP Nanda, global vice president and general manager, DuPont Water Solutions.