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BASF Completes Divestiture of Industrial Water Management (IWM) Business - BASF announced today the successful closing of the transaction to divest its subsidiary Industrial Water Management France SAS headquartered in Lyon, France to Degrémont, a subsidiary of SUEZ ENVIRONNEMENT - BASF.com
BASF Completes Divestiture of Industrial Water Management (IWM) Business

 

PRZOOM - /newswire/ - Ludwigshafen, Germany, 2013/09/30 - BASF announced today the successful closing of the transaction to divest its subsidiary Industrial Water Management France SAS headquartered in Lyon, France to Degrémont, a subsidiary of SUEZ ENVIRONNEMENT - BASF.com. DE000BASF111

   
 
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• IWM business operations transferred to the new owner Degrémont;
• BASF remains focused on water treatment chemicals and membrane technology.

SUEZ ENVIRONNEMENT is a strategic partner to further expand the service-oriented Industrial Water Management business and gives the IWM employees a long-term perspective.

BASF’s Water Solutions business remains focused on offering a comprehensive and in its industry unique range of water treatment chemicals and membrane filtration technology for the industrial and municipal waste water treatment sector,“We continue to create chemistry that is tailored to our water industry customers,“ said Matthias Halusa, Vice President of BASF’s Water Solutions business.

About BASF

BASF (basf.com) is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

About BASF Water, Oilfield and Mining Solutions

BASF (watersolutions.basf.com) offers a wide range of solutions and products for the water, oilfield and mining industry. The product range of global water solutions includes products used in the key processes of industrial and municipal water treatment. The business is a leading supplier of products to clarify the raw water used for the production of drinking water, to treat the waste water stream and industrial process water, to protect desalination plants, cooling towers and boilers. We are the leading provider of inge® ultrafiltration membrane technology. Within our global oilfield solutions business, we help the oilfield service industry make efficient formulations. Our portfolio comprises products for the drilling and completion of oil wells as well as chemicals for continuous and cost efficient production of valuable oil and gas resources. We develop next generation of surfactants and polymers designed to support enhanced oil recovery (EOR) operations by means of chemical injection. Global mining solutions offer an extensive range of mineral processing reagents. Our strengths are in solid/liquid separation and solvent extraction; we also offer reagents for flotation, dispersing, agglomerating and others.

 
 
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Agency / Source: BASF

 
 

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BASF Completes Divestiture of Industrial Water Management (IWM) Business

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BASF | Industrial Water Mgnt
Contact: Christine Sickinger - BASF.com 
+49 621 60-58865 christine.sickinger[.]basf.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

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