Evoqua Water Technologies has finalised the divestiture of its Memcor product line to DuPont Safety & Construction.
The Memcor product line consists of microfiltration, ultrafiltration and membrane bioreactors (MBR). The divested business has approximately 190 employees globally.
Gross proceeds from the sale were approximately US$110 million.
“The successful closing of the Memcor divestiture is an important milestone in our product portfolio strategy,” said Ron Keating, CEO of Evoqua. “We are pleased to expand our relationship with DuPont as we source innovative products to incorporate into our integrated solutions and services.”
