Pentair Completes Acquisition of Norit’s Clean Process Technologies Business
Pentair completed the acquisition of the Clean Process Technologies (CPT) division of Norit Holding. As previously announced, the purchase price was euro 503 million.
Based in the Netherlands, CPT is a global leader in membrane solutions and clean process technologies in the high growth water and beverage filtration and separation market segments. CPT s product offerings include innovative ultrafiltration and nanofiltration membrane technologies, aseptic valves, CO2 recovery and control systems and specialty pumping equipment.
"CPT is a great fit for Pentair. The combination of CPT with Pentair s Filtration Solutions business creates a global leader in water and beverage filtration technologies, systems and solutions and strengthens our presence in fast growth regions, including China, Latin America and the Middle East," said Randall J. Hogan, Pentair chairman and chief executive officer.
Source: Pentair plc.