DuPont has entered into an agreement to acquire Memcor’s business that includes the ultrafiltration and membrane biofiltration technologies from Evoqua Water Technologies Corp.

Expected to close by the end of 2019, the deal will be subject to customary closing conditions and regulatory approvals, according to a press release on Sunday.

DuPont’s CEO, Marc Doyle said, “Our strategic intent for the Water Solutions business is to have a robust portfolio of technologies so that our talented global organisation can leverage a broad range of solutions to solve our customers’ most pressing challenges.”

Evoqua’s technologies of ultrafiltration and membrane biofiltration (MBR) will further boost DuPont’s outstanding portfolio, which includes water purification and separation capabilities.

DuPont will be elevated to offer the required products, technology, and geographic diversification that meet current and future customer demands. The new transaction comes in line with the firm’s recent announcement of the intended acquisition of BASF’s ultrafiltration membrane business.

DuPont’s global vice president and general manager, HP Nanda remarked, “The addition of Evoqua’s ultrafiltration portfolio opens DuPont Water Solutions to additional market spaces including membrane bioreactors, submerged and pressurised ultrafiltration systems bringing more choice and opportunity for customers.”

meanwhile, CEO of Evoqua, Ron Keating concluded, “Evoqua’s strategy is to source components that we can incorporate into innovative products and integrated solutions and services that align with our strengths. We are confident that the Memcor product line will thrive under DuPont’s leadership and we look forward to continuing our decade’s long relationship with DuPont to bring integrated membrane-based systems and solutions to the marketplace.”

Source: Mubasher

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