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Veolia Closes Acquisition of Chemours' Sulfur Product Assets - Veolia has closed the acquisition of Chemours’ Sulfur Products division assets, announced last June - Veolia.com
Veolia Closes Acquisition of Chemours' Sulfur Product Assets

 

NewswireToday - /newswire/ - Lombard, IL, United States, 2016/08/01 - Veolia has closed the acquisition of Chemours’ Sulfur Products division assets, announced last June - Veolia.com. Euronext: VIE; NYSE:VE

   
 
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Chemours Sulfur Products Division is a specialist in the recovery of sulfuric acid and gases of the refining process, which are regenerated into clean acid and steam used in wide range of industrial activities. With this operation, Veolia strengthens the asset base of its Industrial regeneration business in the Oil and Gas industry in the United States.

“Chemours Sulfur Products division is an excellent complement to Veolia existing business, notably in North America, and will reinforce our recovery and regeneration capabilities. As a leader in hazardous waste management as well as resource recovery, we look forward to developing this business”, said Veolia Chairman and Chief Executive Officer Antoine Frérot. “We are thrilled to welcome the employees and seven operating sites into our North American business”, added Veolia North America CEO William J. “Bill” DiCroce.

This purchase provides Veolia with a highly differentiated services offering to allow it to move up the value chain with existing refinery customers, along with an opportunity to cross-sell its existing offerings to a new customer base. It also presents growth opportunities within the refinery services sector, and it positions Veolia to capture future demand for clean gasoline related products.

About Veolia Group
Veolia Group (veolia.com) is the global leader in optimized resource management. With over 174 000 employees worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them. In 2015, the Veolia group supplied 100 million people with drinking water and 63 million people with wastewater service, produced 63 million megawatt hours of energy and converted 42.9 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE) recorded consolidated revenue of €25 billion ($27.2 billion) in 2015.

Contacts
Group Media Relations:
Laurent Obadia - Sandrine Guendoul
Stéphane Galfré Marie Bouvet
T: +33(0)1 71 75 12 52 - E: sandrine. guendoul[.]veolia.com.

Analysts & Investor Relations:
Ronald Wasylec - Ariane de Lamaze
T: +22 1 71 75 12 23 / 06 00

Terri Anne Powers (USA)
T: +1 630-218-1627

 
 
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Written by / Agency / Source: Veolia

 
 

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Veolia Closes Acquisition of Chemours' Sulfur Product Assets

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Publisher Contact: Denisse Ike - Veolia North America 
832-300-5771 denisse.ike[.]veolia.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Veolia securities in any jurisdiction including any other companies listed or named in this release.

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