ALTIVIA sells water treatment chemical business to USALCO
ALTIVIA, a Texas-based chemical manufacturer, has divested its water treatment chemical business to USALCO, a portfolio company of global alternative assets investment firm H.I.G. Capital.
The financial terms of the deal were not disclosed.
The water treatment business involved in the deal includes ferric and ferrous sulfate production facilities in Houston.
J. Michael Jusbasche — CEO of ALTIVIA, commenting on the sale of the water treatment chemical business, said: “As ALTIVIA has become more focused in petrochemicals and specialty chemicals, we are very pleased to transition ownership of our water treatment business to USALCO.
“The transaction is a highly favorable outcome for our employees and customers, and we believe this business will thrive as a part of USALCO’s expanding footprint in water treatment.”
Based in Baltimore, Maryland, USALCO is a provider of specialty chemicals used in the treatment of water and wastewater and other industrial applications in the US.
USALCO operates 12 manufacturing plants across the country.
Ken Gayer — CEO of USALCO said: “ALTIVIA’s Water Treatment business is a terrific complement to USALCO.
“This acquisition broadens our coagulant product offering into iron salts and strengthens our geographic coverage in the Texas region.”