Kurita acquires US-based water treatment chemicals manufacturing and sales company to accelerate business in U.S.A
Kurita Water Industries Ltd. completed its acquisition of Fremont Industries, LLC (headquartered in Minnesota, U.S.A.) in January 3, 2017. The acquisition price is about $40 million US dollars and Kurita has acquired 100% of the equity interests of Fremont through Kurita America Holdings Incorporated (headquartered in Delaware, U.S.A.; a Group company of Kurita).
Fremont provides various types of water treatment chemicals in a broad range of areas including hospitals and office building air-conditioning, mainly in markets with growth potential such as biofuels and the food industry. Kurita expects to expand sales and products and technologies of the Kurita Group and to develop new markets by taking advantage of the customer base and sales network of Fremont.
The Kurita Group aims to take a further step towards establishing a global business network spanning the regions of Japan, Asia, Europe and North and South America.
For further information please read the official press release.