On 21 September 2017, Japanese specialty chemicals company Kuraray Co. Ltd. announced the acquisition of Calgon Carbon Corporation for US$1.3 billion, including debt. Kuraray, a US$4.5 billion company, specializes in plastics, rubber, fiber and textiles manufacturing and distribution.
By taking over Calgon, Kuraray adds a new product layer– water and wastewater treatment solutions– that complements its more diversified product portfolio.
The Kuraray deal is the ninth water-related transaction in the chemicals segment in 2017, pushing the disclosed total annual value of US$1.7 billion. More Bluefield analysis of water mergers and acquisitions.