Acquisitions · Water treatment chemicals
Kurita Water to buy reverse-osmosis chemicals maker Avista Technologies
- Buyer
- Kurita Water Industries (Tokyo)
- Target
- Avista Technologies Inc. (with Avista Technologies (UK) Ltd.), California
- Value
- About ¥9.2B for both companies
- Status
- Announced on May 13, 2019; completion was planned for May 15, 2019.
- Date
- 2019-05-13
Kurita Water Industries agreed to buy Avista Technologies Inc. of California and its UK sister company for about ¥9.2 billion in total. Avista makes chemicals for reverse-osmosis membranes used in water treatment. The US company is the larger of the two, with sales of ¥2.58 billion against ¥0.63 billion for the UK company. The value comes from Kurita's Japanese disclosure.
Why it matters
It was Kurita's second US water-related acquisition of 2019, after U.S. Water Services in February. It added a specialty chemicals line for membrane-based water treatment.
Sources
Kakehashi M&A News home
