Firm steps up expansion into emerging markets with acquisition of chemicals company
A definitive agreement has been signed between Dupont Sustainable Solutions (DSS) and American Securities LLC to acquire MECS Inc.
The agreement will aid DSS’ expansion into emerging markets in the Asia Pacific and the Middle East. DSS said it expected the acquisition will increase its market for clean air and fuel offerings from approximately US $200 million to $1 billion.
The company has recently partnered with Topaz Engineering, Aggreko and Dawood Hercules Chemicals Limited.
“Dupont Sustainable Solutions is a partner of choice for key industries throughout the Middle East region and is in a unique position to help others in their journeys to safety excellence,” said Johan van der Westhuyzen, DSS Middle East leader.
MECS converts waste sulphur into sulphuric acid, a chemical used worldwide. Major growth areas for sulphuric acid production in future are expected to be China, India, the Middle East and parts of Africa.
DuPont and MECS also have a history of offering complementary technologies in the refining industry.
“I believe the union is an excellent fit and will benefit both our organisations and our customers,” said MECS CEO Nick Bhambri.