13 May 2019
Michiya Kadota
President and Representative Director
Kurita Water Industries Ltd.
DETAILS
Kurita Water Industries Ltd. ("Kurita")
announced today that it has decided
to acquire 100% of the outstanding shares of
(Head Office: California, US; “A-US”),
which manufactures and sells
water treatment chemicals,
and Avista Technologies (UK) Ltd.
(Head Office: UK; “A-UK”),
through Kurita America Holdings Inc.
(Head Office: Delaware, U.S.)
and Kurita Europe GmbH (Head Office: Germany),
which are its subsidiaries,
and has signed a stock transfer agreement
with four members of the senior management
of A-US and A-UK, who are shareholders.
The acquisition price is 81.8 million US dollars
(approx. 9.2 billion yen).
A-US specializes in RO chemicals.
RO chemicals are water treatment chemicals
applied to reverse osmosis (RO) membranes,
which are one of the components
of water treatment facilities.
Besides manufacturing and selling many types
of RO chemicals, A-US also offers services such as
RO membrane cleaning and has many customers,
mostly in the US, across a wide range of industries,
including the mining, chemical, oil, offshore oil field,
and food and beverage industries,
and local government.
Meanwhile, A-UK conducts a similar business
in the EMEA (Europe, Middle East and Africa) region
under licenses granted by A-US.
Kurita Group will combine
the RO chemicals of A-US
with its own unique RO chemicals.
This will enable the Group to expand its lineup of products,
which contribute mainly
to stabilizing RO membrane treatment,
reducing the labor involved
in equipment operation management
for the treatment, and lowering its cost,
while proposing a wide range of products to customers.
Moving forward, Kurita Group will accelerate
the expansion of sales of RO chemicals globally
and strengthen services related to RO membranes
through the exchange of technologies
and knowhow with A-US.
As a leading global water treatment company,
Kurita Group will continue its efforts
to optimize and strengthen
its business portfolio and platforms.
Kurita Group will also grow through M&A
and business alliances with strategic partners
and create new values to customers
through its comprehensive solutions.
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