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.
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)
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