DuPont Safety & Construction 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. The agreement is subject to customary closing conditions and regulatory approvals.
Financial terms of the agreement for the business unit were not initially disclosed.
DuPont has been in the news with reports that it plans to sell its industrial bioscience unit, which accounts for more a large chunk of its total sales. At the same time, the company has indicated it will make smaller “bolt on” acquisitions.
According to DuPont about 150 employees are part of the transaction and will be offered employment with DuPont. This includes all employees employed by inge GmbH at the production site in Greifenberg, Germany, and sales employees in China, France, India, Malaysia, Spain, Turkey, USA and the United Arab Emirates.
“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 wastewater treatment applications globally.”
“The industry-leading, multi-bore PES Ultra Filtration technology from BASF complements our own high-flow PVDF technology providing more choice for our customers,” said HP Nanda, global vice president, and general manager, DuPont Water Solutions
“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.”
BASF earlier sold a water-soluble chemicals business to north Wilmington-base Solenis.
Neither transaction affects BASF’s pigments plant in Newport.