BASF to sell its ultrafiltration membrane business to DuPont

Posted by aclimaadmin | 01/10/2019 | Noticias del Sector

BASF and DuPont Safety & Construction (DuPont) today announced that the companies have signed an agreement where BASF will sell its ultrafiltration membrane business to DuPont. The divesture includes the shares of inge GmbH, the business’ international sales force, its headquarters and production site in Greifenberg, Germany, and certain intellectual property currently owned by BASF SE. Financial details of the transaction are not being disclosed.

“The inge team has done a great job in developing the ultrafiltration membrane technology into a well-established player in the market. However, synergies with BASF are very limited,” said Anup Kothari, President, Performance Chemicals, BASF. “For the ultrafiltration membrane business, becoming part of DuPont, a strategic buyer, provides strong value creation potential and will enable it to reach the next level of growth.”

“As a global leader in innovative water solutions, we are continually looking for ways to help our customers solve water challenges around the world,” said Rose Lee, President, DuPont Safety & Construction. “This technology in combination with inge’s expert team further broadens our portfolio and enhances our ability to design tailored, integrated solutions for drinking water, industrial and waste water treatment applications globally.”

Pending approval by the relevant authorities, closing is anticipated by the end of 2019.

Fuente: BASF

Tags

Posts Relaccionados

Posted by aclimaadmin | 11 abril 2024
Las ayudas, con cargo al Plan de Recuperación, tendrán un límite de 2,5 millones de euros al año y empresa y con un máximo del 50% de los costes subvencionables...
Posted by aclimaadmin | 11 abril 2024
Today, the European Parliament approved the Carbon Removals Certification Framework (CRCF) setting the scene for the quantification and accounting of emission removals in the EU through carbon farming (land and...
Posted by aclimaadmin | 11 abril 2024
A partir de 2027, todas las nuevas baterías con una capacidad superior a 2 kWh que se comercialicen en la UE requerirán un pasaporte digital, con el objetivo de garantizar...