US DuPont completes deal for sulphuric acid tech firm MECS

03 January 2011 16:32  [Source: ICIS news]

HOUSTON (ICIS)--DuPont has completed its acquisition of MECS, a provider of process and clean air technologies to the sulphuric acid industry, the US-based international chemicals major said on Monday.

MECS became DuPont's wholly-owned subsidiary and a part of its sustainable solutions business effective 31 December 2010, DuPont said.

Financial terms of the deal were not disclosed.

MECS’ technologies are used worldwide by sulphuric acid producers in the chemicals, fertilizer and refining industries to capture sulphur, reducing air pollution, DuPont said.

About 70% of Missouri-based MECS'  revenue comes from outside North America – in particular Brazil, China, India and northern and southern Africa – according to DuPont.

DuPont said it expected the acquisition to increase "the addressable market" for its clean air and clean fuel offerings to $1bn (€750m) from a prior figure of $200m.

The deal was initially announced in November.

Additional reporting by Stefan Baumgarten in Toronto

($1 = €0.75)

For more on DuPont visit ICIS company intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Ben DuBose
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly