WILMINGTON, Del., Sept. 23, 2019 /PRNewswire/ -- DuPont Safety
& Construction (DuPont) today announced it has signed an
agreement to acquire the Ultrafiltration Membrane business from
BASF including inge GmbH. The transaction, including the business'
international workforce, its headquarters and production site in
Greifenberg, Germany, and
associated intellectual property currently owned by BASF SE., is
expected to close by the end of 2019 subject to customary closing
conditions and regulatory approvals. Financial terms of the
agreement were not disclosed.
"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."
The combination of the DuPont and BASF ultrafiltration
technologies adds to DuPont's leading portfolio of water
purification and separation technologies including ultrafiltration,
reverse osmosis and ion exchange resins.
"Water is local, but science is global," said HP Nanda, Global
Vice President and General Manager, DuPont Water Solutions.
"We need a broad portfolio of technologies to solve our customers'
challenges. The industry-leading, multi-bore PES Ultra Filtration
technology from BASF complements our own high-flow PVDF technology
providing more choice for our customers."
"The inge team has done a great job 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."
About DuPont Safety & Construction
DuPont Safety
& Construction is a global leader in delivering innovation for
life's essential needs in water, shelter and safety; enabling its
customers to win through unique capabilities, global scale and
iconic brands including Corian®, Kevlar®, Nomex®, Tyvek®,
GreatStuff™, Styrofoam™ and Filmtec®. More on
DuPont Water Solutions can be found at
https://www.dupont.com/water.
About DuPont
DuPont (NYSE: DD) is a global innovation
leader with technology-based materials, ingredients and solutions
that help transform industries and everyday life. Our employees
apply diverse science and expertise to help customers advance their
best ideas and deliver essential innovations in key markets
including electronics, transportation, construction, water, health
and wellness, food and worker safety. More information can be found
at www.dupont.com/.
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SOURCE DuPont