By Jerry Perkins, editor, BioFuels Journal
Kurita Water Industries Ltd., a Tokyo, Japan-based company, has acquired 100% of the equity interests of Fremont Industries, LLC of Shakopee, MN.
Fremont is a water treatment chemicals manufacturing and sales company that provides various types of water treatment chemicals to the biofuels and the food industries and to hospitals and office building air-conditioning, according to a notice posted on the Kurita web site on Jan. 9. (http://ir.kurita.co.jp/wp-content/uploads/PDF/press_170104_01_e.pdf)
The notice said Kurita expects that the acquisition will increase the sales of products and technologies of the Kurita Group in the United States and help the company develop new markets by taking advantage of the customer base and sales network of Fremont.
The acquisition cost was listed in the notice as approximately $40 million.
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