Calgon Carbon and Kuraray announced on Thursday, September 21, that the boards of both companies have unanimously approved of Kuraray’s acquisition of Calgon for US$1.1 billion.
Pittsburgh based Calgon is a provider of high end products and reliable services designed to protect human health and the environment from harmful contaminants in water and air.
Kuraray’s president, Masaaki Ito, said, “For Kuraray, the integration of Calgon Carbon’s excellent employees all around the world, their R&D and sales expertise, and their manufacturing operations will contribute to the expansion of our carbon materials business, which leads our key strategic areas such as ‘water and environment,’ and ‘energy.’”
The transaction is still subject to shareholder and regulator approval and is expected to close by the end of December 2017.
Full Content: Calgon Carbon & Market Watch
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