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Polypore to sell itself in two-part transaction
membrane
TECHNOLOGY
ISSN 0958-2118 April 2015
www.membrane-technology.com
Polypore to sell itself in two-part transaction
Contents News
energy is an area of strategic focus for us as we expand and grow, creating new value for the future. We look forward to combining our respective strengths in battery separator technology, achieving new innovations that contribute technology and products to the world’s environmental and energy challenges.’ Michael Roman, Executive Vice President, 3M Industrial Business Group, added: The combination of 3M and Polypore’s Separations Media business will help us to meet customers’ emerging needs for high-value filtration products. Together, we will be able to offer a broader array of products to both Polypore’s and 3M’s customers, which will accelerate the global growth of our membrane business.’
ann+Hummel Group has increased its stake in Microdyn-Nadir GmbH from 50% to 100% in a move it says aims to establish itself as a major player in the water filtration business. Mann+Hummel had already acquired 50% of the shares in Microdyn-Nadir during 2014 (see Membrane Technology July 2014, page 16). According to the companies, the new structure will enable them to react even faster to
Mann+Hummel increases its stake in Microdyn-Nadir
1 1, 16
Government regulations set to drive growth of global MBR market
2
Veolia introduces next generation of Orion water-treatment system
2
Water treatment firm recognised for extensive desalination projects
3
Ovivo posts third-quarter results and outlines strategic initiatives
3
H2O Innovation completes its largest integrated UF–NF project to date
4
Evoqua’s Vantage RO system is targeted at markets in Asia
4
Contacts: Polypore International Inc, The Gibson Building, 11430 N. Community House Road, Suite 35, Charlotte, NC 28277, USA. Tel: +1 704 587 8886, www.polypore.net
Chinese refinery selects UOP hydrogen purification technology
4
EDI and ERA technologies provide an economical way of purifying water
5
UF technology helps create eco-friendly washing machine
5
Asahi Kasei Corp, Jinbocho-Mitsui Building, 1–105 Kanda Jinbocho, Chiyoda-ku, Tokyo 101-8101 Japan. Tel: +81 3 3296 3000, www.asahi-kasei.co.jp
Ramad filter efficiently removes corrosion particles from natural gas
6
US water and wastewater utility installs Microtox monitor
6
Ovivo sells its municipal division in the UK to Jacopa
16
3M Co, 3M Center, St Paul, MN 55144, USA. Tel: +1 651 733 1110, www.3m.com
Mann+Hummel increases its stake in Microdyn-Nadir
M
Polypore to sell itself in two-part transaction
market requirements. They say a minimal overlap of product ranges and different geographical market presence mean that they complement each other perfectly. Microdyn-Nadir focuses on the production and distribution of flat-sheet membranes. It is a major global supplier of membranes and modules for microfiltration, ultrafiltration (UF) and nanofiltration. Mann+Hummel Continued on page 16...
Features Membrane set to make water purification more efficient and cheaper
7
White paper on reuse policy options aims to help meet growing demand for water in Saudi Arabia
8
Regulars In Brief
3&5
Research Trends
10
Patents
12
Events Calendar
16
P
olypore International Inc, a US-based high-technology filtration company specialising in microporous membranes, has signed definitive agreements for the sale of the company. In the merger agreement, Japanese diversified chemicals firm Asahi Kasei Corp, through a US subsidiary, will purchase the company for $60.50 per share in cash. As an integrated step in this transaction, immediately prior to Asahi Kasei’s acquisition of Polypore, 3M Co will acquire the assets of Polypore’s Separations Media segment for approximately $1.0 billion, and Asahi Kasei will receive the cash proceeds from the asset sale. Commenting on the two-part deal, Robert Toth, President and CEO, Polypore, said: ‘The combination of our Energy Storage business with Asahi Kasei and our Separations Media business with 3M are excellent strategic fits, which we believe create value for our people, customers and shareholders. When you combine our technology, process capabilities and material science expertise with their technology, global reach and broader resources, there is a great opportunity to accelerate growth going forward.’ Toshio Asano, President and Representative Director, Asahi Kasei, said: ‘We are excited to be joining forces with Polypore – an esteemed player in energy storage. The environment and
visit us today at:
www.membrane-technology.com
ISSN 0958-2118/15 © 2015 Elsevier Ltd. All rights reserved This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.
TECHNOLOGY
ISSN 0958-2118 April 2015
www.membrane-technology.com
Polypore to sell itself in two-part transaction
Contents News
energy is an area of strategic focus for us as we expand and grow, creating new value for the future. We look forward to combining our respective strengths in battery separator technology, achieving new innovations that contribute technology and products to the world’s environmental and energy challenges.’ Michael Roman, Executive Vice President, 3M Industrial Business Group, added: The combination of 3M and Polypore’s Separations Media business will help us to meet customers’ emerging needs for high-value filtration products. Together, we will be able to offer a broader array of products to both Polypore’s and 3M’s customers, which will accelerate the global growth of our membrane business.’
ann+Hummel Group has increased its stake in Microdyn-Nadir GmbH from 50% to 100% in a move it says aims to establish itself as a major player in the water filtration business. Mann+Hummel had already acquired 50% of the shares in Microdyn-Nadir during 2014 (see Membrane Technology July 2014, page 16). According to the companies, the new structure will enable them to react even faster to
Mann+Hummel increases its stake in Microdyn-Nadir
1 1, 16
Government regulations set to drive growth of global MBR market
2
Veolia introduces next generation of Orion water-treatment system
2
Water treatment firm recognised for extensive desalination projects
3
Ovivo posts third-quarter results and outlines strategic initiatives
3
H2O Innovation completes its largest integrated UF–NF project to date
4
Evoqua’s Vantage RO system is targeted at markets in Asia
4
Contacts: Polypore International Inc, The Gibson Building, 11430 N. Community House Road, Suite 35, Charlotte, NC 28277, USA. Tel: +1 704 587 8886, www.polypore.net
Chinese refinery selects UOP hydrogen purification technology
4
EDI and ERA technologies provide an economical way of purifying water
5
UF technology helps create eco-friendly washing machine
5
Asahi Kasei Corp, Jinbocho-Mitsui Building, 1–105 Kanda Jinbocho, Chiyoda-ku, Tokyo 101-8101 Japan. Tel: +81 3 3296 3000, www.asahi-kasei.co.jp
Ramad filter efficiently removes corrosion particles from natural gas
6
US water and wastewater utility installs Microtox monitor
6
Ovivo sells its municipal division in the UK to Jacopa
16
3M Co, 3M Center, St Paul, MN 55144, USA. Tel: +1 651 733 1110, www.3m.com
Mann+Hummel increases its stake in Microdyn-Nadir
M
Polypore to sell itself in two-part transaction
market requirements. They say a minimal overlap of product ranges and different geographical market presence mean that they complement each other perfectly. Microdyn-Nadir focuses on the production and distribution of flat-sheet membranes. It is a major global supplier of membranes and modules for microfiltration, ultrafiltration (UF) and nanofiltration. Mann+Hummel Continued on page 16...
Features Membrane set to make water purification more efficient and cheaper
7
White paper on reuse policy options aims to help meet growing demand for water in Saudi Arabia
8
Regulars In Brief
3&5
Research Trends
10
Patents
12
Events Calendar
16
P
olypore International Inc, a US-based high-technology filtration company specialising in microporous membranes, has signed definitive agreements for the sale of the company. In the merger agreement, Japanese diversified chemicals firm Asahi Kasei Corp, through a US subsidiary, will purchase the company for $60.50 per share in cash. As an integrated step in this transaction, immediately prior to Asahi Kasei’s acquisition of Polypore, 3M Co will acquire the assets of Polypore’s Separations Media segment for approximately $1.0 billion, and Asahi Kasei will receive the cash proceeds from the asset sale. Commenting on the two-part deal, Robert Toth, President and CEO, Polypore, said: ‘The combination of our Energy Storage business with Asahi Kasei and our Separations Media business with 3M are excellent strategic fits, which we believe create value for our people, customers and shareholders. When you combine our technology, process capabilities and material science expertise with their technology, global reach and broader resources, there is a great opportunity to accelerate growth going forward.’ Toshio Asano, President and Representative Director, Asahi Kasei, said: ‘We are excited to be joining forces with Polypore – an esteemed player in energy storage. The environment and
visit us today at:
www.membrane-technology.com
ISSN 0958-2118/15 © 2015 Elsevier Ltd. All rights reserved This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.