BASF, Ludwigshafen, Germany, has signed a contract to sell its subsidiary, Industrial Water Management France SAS, based in Lyon, France, to Degrémont, a water-treatment specialist for industrial customers and local authorities. Degrémont, a subsidiary of Suez Environnement, will continue operations at the production sites in Lyon and La Courneuve, France.
According to the company, BASF’s water solutions business will concentrate on the company’s range of water treatment chemicals and filtration technology for the industrial and municipal waste-water treatment sectors. Toward that end, BASF previously announced a plan to divest its service-oriented industrial water management business to a strategic partner.
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