Kurita Acquires U.S. Water Services
Kurita Water Industries Ltd. of Japan acquired U.S. Water Services Inc., a Minnesota-based company that manufactures and sells water treatment chemicals and facilities, for $270 million. Kurita will acquire 100 percent of the outstanding shares of Global Water Services Holding Company Inc., which is the holding company of U.S. Water.
Kurita Group aims to expand its businesses globally by establishing platforms in four regions of the world: Japan, Asia, Europe and the Americas. This acquisition will strengthen its businesses in North America and accelerate its growth in the U.S. by enhancing its solutions that combine water treatment chemicals, facilities and maintenance services.
U.S. Water has manufacturing and sales offices across the U.S. It serves a range of industries, including food and beverage, oil and gas, bioethanol refineries and electric power. Kurita Group will combine U.S. Water's customer base and sales network with its own products and services, such as pure water supply and wastewater reclamation. Kurita Group will also utilize its IT sensing technology to develop a service contract-based business.