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DuPont acquires MECS

DuPont has announced in a news release that it has signed a definitive agreement to acquire MECS

| | Jan 25, 2011 | 2:47 pm
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DuPont has announced in a news release that it has signed a definitive agreement to acquire MECS, from affiliates of American Securities, to be better able to deliver sustainable solutions and further expand its reach in emerging markets.  The acquisition will expand the DuPont clean technologies portfolio with complementary science-based offerings and provide the company with further access to high-growth market segments, particularly in developing regions like Asia Pacific and the Middle East, the announcement claimed. However, it did not disclose the terms of the agreement.

Against the backdrop of the acquisition, James R Weigand, President, DuPont Sustainable Solutions, said: “MECS’ technologies and services will expand and strengthen DuPont Sustainable Solutions [DSS] business’ clean air and clean fuel offerings and provide access to markets beyond those we now serve. We estimate that this acquisition will increase the addressable market for our clean air and clean fuel offerings from approximately $200 million to $1 billion.”

Added MECS CEO, Nick Bhambri, “I believe the union of DuPont and MECS is an excellent fit. Together, we will be able to share and integrate our science, technology and human resources to create an expanded portfolio to enhance the safety, reliability and environmental sustainability of our customers’ facilities.”


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