PITTSBURGH (February 15, 2023; Evoqua release) — Evoqua Water Technologies, an industry leader in mission-critical water treatment solutions, recently announced that it has entered into a definitive agreement to divest its carbon reactivation and slurry operations to DESOTEC, the European market leader for industrial mobile filtration solutions based on activated carbon technology.
The agreement, which includes the product line's workforce, reactivation facilities and associated equipment in Darlington, Pennsylvania, and Parker, Arizona, and the reactivation and carbon vessel manufacturing facility in Red Bluff, California, is expected to close during Evoqua's third quarter of fiscal 2023, which ends June 30, 2023, subject to customary terms, regulatory approvals, and closing conditions
The sale of the carbon reactivation and slurry business will allow Evoqua to focus on its core service business, which includes carbon services and the sale of high-quality activated carbon. After close, Evoqua will enter into a supply agreement with DESOTEC for reactivated carbon to continue to service its customers. Carbon is typically used in municipal and industrial applications to remove organic and inorganic contaminants from water sources.
"A critical aspect of our strategy is to focus on businesses aligned with our technology and service core competencies, with the highest potential for global growth, scalability, and value creation," said Ron Keating, Evoqua's Chief Executive Officer. "We are confident that the carbon reactivation and slurry business will thrive under DESOTEC's leadership, and we look forward to working together as we provide activated carbon solutions to the marketplace."
Julie Santens, Chief Executive Officer of DESOTEC, added, “Today’s announcement marks the beginning of an exciting new chapter for DESOTEC as we continue on our mission to better protect the planet. This landmark investment is the first step as we embark on the rollout of our North American growth strategy and further expansion of our leading market position. We are delighted to partner with Evoqua, and look forward to best serving all our customers, employees and other stakeholders involved.”
About Evoqua Water Technologies
Evoqua Water Technologies is a leading provider of mission critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across nine countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life.
