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AECI to acquire Clariant’s water treatment business in Africa

8:53 AM MST | February 11, 2014 | Deepti Ramesh

Clariant says that it has signed an agreement to divest its water treatment business in Africa to AECI (Johannesburg), for 34 million Swiss francs ($37.9 million) in cash, at closing. The transaction is expected to close by the end of the second quarter. The water treatment business of Clariant provides chemicals, services, and engineering solutions to a range of industries, such as mining, automotive, food and beverage, and metals; the business also serves municipalities to ensure supply of drinking water in many African communities, the company says...

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