Home NewsCorporate Technology Companies BASF to sell its ultrafiltration membrane business to DuPont

BASF to sell its ultrafiltration membrane business to DuPont

BASF and DuPont Safety & Construction have 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.

 

Share this




subscribe now and stay up to date for our latest reports and news

This website uses cookies to ensure you get the best experience on our website. Cookies Policy

Cookies Policy | Preferences
Welcome to Waterbriefing Global

We care about your privacy. In order to run a successful website, we and certain third parties use cookies to personalize content and ads, to provide social media features, and to analyze our traffic. You consent to our cookies if you continue to use our website.