| Sulzer
Chemtech strengthens its position in the gas market
In December 2006, Sulzer
signed an agreement with KnitMesh Ltd., based in the UK,
to take over their separation technology business. The
acquisition includes the company Enhanced Separation
Technologies (EST) LLC., based in the US. In 2005,
KnitMesh and EST achieved combined sales of approximately
CHF 12 million with the acquired product range. The agreed
purchase price is about CHF 13 million.
The planned combined
acquisition will help Sulzer Chemtech to expand its
presence in the important gas market. It will complement
the product portfolio in the field of gas/liquid
separation, enabling Sulzer Chemtech to extend their range
of innovative products and related services. The
sales of the businesses to be acquired amounted to
approximately CHF 12 million in 2005. The acquisition is
expected to be completed within the first quarter of 2007.
KnitMesh, based in
Greenfield, North Wales, UK, is a reputed global supplier
for mist eliminators, wire mesh and vane mist eliminators.
Sulzer Chemtech has used KnitMesh as supplier for this
product range in the past. Approximately 40 people are
employed in the separation technology business. EST is
based in Plainfield, New Jersey, US, with main operations
in Houston, Texas and has 20 employees. EST commercializes
KnitMesh’s separation technology in the Americas.
Sulzer Chemtech is market
leader in separation column and static mixing technologies.
With its sales offices and locations for engineering,
production, and customer support, the business maintains
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