Suppliers Consolidate in Rapidly Growing Sector

Consolidation in the $29-billion global water treatment market shows no signs of abating with three deals announced in as many weeks. These deals follow several other acquisitions and supplier investments in the last year in the global market, which is expected to grow 6.4%/year through 2011, says The Freedonia Group (Cleveland). Israel Chemicals Ltd.’s (ICL; Tel Aviv) recently announced agreement to purchase Henkel’s industrial water treatment business for €60 million ($89 million) provides ICL with advanced water treatment technology and...

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