AECI acquires GE water treatment business in Africa

AECI acquires GE water treatment business in Africa

4:28 AM, 2nd July 2012
AECI acquires GE water treatment business in Africa

GALLO MANOR, SOUTH AFRICA: Chemicals and explosives company AECI has bought Chemical & Monitoring Solutions, General Electric’s (GE) water treatment business in Africa, for $20 million. The acquisition will be merged into AECI’s wholly owned subsidiary ImproChem, which is at the forefront of AECI’s drive to be a leading supplier of speciality water-treatment chemicals and services in Africa.

According to AECI the acquisition, which the Competition Commission had already approved, covered all African countries except Algeria, Egypt, Libya, Morocco, Tunisia and the Indian Ocean islands of Madagascar, Mauritius, Reunion and the Seychelles. As part of the acquisition agreement, ImproChem will produce chemical products using GE formulations at its Umbogintwini plant (south of Durban). GE will also have the right to consider forming a joint venture with ImproChem in the future.

In addition to AECI’s acquisition of Chemical & Monitoring Solutions, AECI and GE have also agreed on an exclusive distribution and licensing arrangement that still gives GE direct involvement in Chemical & Monitoring Solutions. The acquisition, which is effective from next month, follows last year’s non-exclusive distribution arrangement between GE and ImproChem. AECI expects a fall of more than 20 per cent in earnings for the six months to June 30.

© BusinessDay News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Pheromone-mediated mating disruption in millet pests

GREENWICH, UK: The millet stem borer, Coniesta ignefusalis Hampson Lepidoptera: Pyralidae, is a major pest of pearl millet in the Sahelian region of A ...

Read more
Dow shifts North East US technology centre to Collegeville

MIDLAND, US: The Dow Chemical Company will position the nation’s largest specialty chemical and advanced materials company for future growth by ...

Read more
Aither plans a potential catalytic ethane cracker in Virginia

SOUTH CHARLESTON, US: Aither is deciding on plans to proceed with a proposed catalytic ethane cracker for which production can begin in early 2015. Ba ...

Read more
Yara confirms irregularities in Libya, India, Switzerland processes

OSLO, NORWAY: Yara International in April 2011 appointed the law firm Wiersholm to conduct a broad external investigation, after notifying the Norwegi ...

Read more
Tobacco bio-oil kills agricultural pests, new discovery

BETHESDA, US: Cigarette smoking continues to be the leading cause of preventable death and disease in the United States, but tobacco has potentially b ...

Read more
US court absolves Union Carbide of pollution liability in Bhopal

NEW YORK, US: In a setback to 1984 Bhopal gas tragedy victims, a US court has held that neither Union Carbide nor its former chairman Warren Anderson ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X