Kurita Takes Bigger Step in U.S. Water Strategy
On 8 February 2019, Japan-based Kurita Water Industries announced an agreement to acquire Minnesota-based U.S. Water Services from its parent company, Allete Inc., for US$270 million. U.S. Water Services is a water treatment chemical & equipment company that is largely focused on industrial customers.
Tokyo-based Kurita Water Industries, a pure-play water management company, has made four acquisitions of U.S. companies since the start of 2017.
In this Research Note, Bluefield water experts analyze Kurita’s strategy, why Kurita acquired US Water, and how Kurita stacks up with its peers.