Veolia’s U.S. business is acquiring the Sulfur Products division of U.S.-based Chemours for $325 million, according to a statement by Veolia. The division focuses on the recovery of sulfuric acid and gases from the company’s refining process. These materials are then recycled into clean acid and steam to be used in a variety of industrial activities.
Earlier this year, Veolia also acquired U.S. nuclear waste clean-up company Kurion for $350 million. The company is currently looking to grow in the industrial waste and recycling industry by focusing on waste with is either toxic or hard to treat.
Reuters has more:
Veolia's North American business is buying the Sulfur Products division of U.S. firm Chemours for $325 million, the French water and waste company said in a statement.
The division specialises in the recovery of sulphuric acid and gases from the refining process, which are recycled into clean acid and steam used in a wide range of industrial activities.
Veolia, whose traditional European municipal water business is stagnating, is seeking growth in industrial waste recycling and focusing on waste that is toxic or hard to treat.