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BASF Completes Divestiture of Industrial Water Management Business

September 30, 2013

BASF announced 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.

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.