DuPont Completes Acquisition of MECS
DuPont recently completed its purchase of MECS from affiliates of American Securities LLC. The previously announced transaction strengthens the DuPont Clean Technologies portfolio and will provide access to additional high-growth markets, particularly in developing regions such as Asia Pacific, the Middle East and Africa. Per the agreement, MECS became a wholly owned subsidiary of DuPont and part of the company’s Sustainable Solutions business effective Dec. 31, 2010.
“We are pleased to begin 2011 by welcoming MECS into DuPont Sustainable Solutions,” said Jim Weigand, president – DuPont Sustainable Solutions. “This acquisition enables us to diversify our clean technologies portfolio in significant ways. As a result, we estimate an increase in the addressable market for our clean air and clean fuel offerings from approximately $200 million to $1 billion. This action also is aligned with our corporate goals that call for using our science and technology to protect people and the environment and to address the needs of developing regions.”
MECS, headquartered in St. Louis, Mo., is a leading global provider of process technology, proprietary specialty equipment and technical services for sulfuric acid producers. Its offerings help customers – primarily in the fertilizer, non-ferrous metals, petroleum refining and chemical industries – reduce air emissions, improve operational efficiencies and lower energy use. In addition to its widely recognized sulfuric acid offerings, MECS produces air pollution control scrubbing systems and mist eliminators for reducing particulate emissions in a variety of industries. It also is an industry leader in proprietary heat recovery systems that generate carbon-neutral energy from sulfuric acid plants.
“Joining DuPont will provide growth opportunities as we share expertise and resources, integrate complementary offerings and collaborate in the development of new technologies,” said MECS CEO Nick Bhambri. “We are proud to be a part of DuPont and excited about the future with DuPont Sustainable Solutions.”
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