Evoqua Water Technologies has completed its divestiture of the Memcor® product line to Dupont Safety & Construction. Gross proceeds from the sale were approximately $110 million.
“The successful closing of the Memcor divestiture is an important milestone in our product portfolio strategy,” Evoqua CEO Ron Keating said, in a statement. “We are pleased to expand our relationship with DuPont as we source innovative products to incorporate into our integrated solutions and services.”
The Memcor product line, which pioneered many firsts in low-pressure membrane technology, consists of microfiltration, ultrafiltration and membrane bioreactors. The divested business has approximately 190 employees globally.
Headquartered in Pittsburgh, Evoqua is a provider of mission-critical water and wastewater treatment solutions. The company operates in more than 160 locations across 10 countries.