OREANDA-NEWS. BASF has signed a contract to sell its subsidiary Industrial Water Management France SAS based in Lyon, France to Degremont, the world water treatment specialist for local authorities and industrial customers. Degremont, a subsidiary of SUEZ ENVIRONNEMENT, will continue operations at the production sites in Lyon and La Courneuve, France. Closing of the transaction is expected to take place during the third quarter 2013.

BASF provides a comprehensive range of water treatment chemicals and filtration technology for the industrial and municipal waste water treatment sector. In future, BASF’s water solutions business will fully concentrate on these innovative offerings for the water industry. To this end, BASF previously announced the plan to divest its service-oriented industrial water management business to a strategic partner to further expand the business and give the current 61 employees a long-term perspective.