By: ICN Bureau
Last updated : October 01, 2021 7:47 am
Altivia 's water treatment business includes ferric and ferrous sulfate production facilities located in Houston, Texas.
Altivia announced today that it has sold its water treatment chemical business to USALCO (USALCO), a portfolio company of H.I.G. Capital (HIG)).
Altivia 's water treatment business includes ferric and ferrous sulfate production facilities located in Houston, Texas.
"As Altivia has become more focused in petrochemicals and specialty chemicals, we are very pleased to transition ownership of our water treatment business to USALCO," said J. Michael Jusbasche, Chief Executive Officer at ALTIVIA. "The transaction is a highly favorable outcome for our employees and customers, and we believe this business will thrive as a part of USALCO's expanding footprint in water treatment."
"Altivia 's Water Treatment business is a terrific complement to USALCO," said Ken Gayer, CEO of USALCO. "This acquisition broadens our coagulant product offering into iron salts and strengthens our geographic coverage in the Texas region."