BASF to sell its ultrafiltration membrane business to DuPont

Posted by aclimaadmin | octubre 1, 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

Add a comment

*Please complete all fields correctly

Posts Relaccionados

Posted by aclimaadmin | 18 junio 2021
A través de los programas Itsasgarapen e Itsaspen se ha invertido en Gipuzkoa cerca de 4.350.000 euros, para unas inversiones previstas superiores a los 9.100.000 euros En Euskadi, en el...
Posted by aclimaadmin | 18 junio 2021
El Plan centra sus objetivos en los sectores más estratégicos para la recuperación: salud, transición ecológica y digitalización Incorpora varias actuaciones destinadas a catalizar la innovación y el liderazgo empresarial,...
Posted by aclimaadmin | 17 junio 2021
Europa sabe que un futuro más verde y digital sólo es posible si las pequeñas y medianas empresas, que conforman el 99% del tejido empresarial de la UE, son protagonistas del cambio,...
X