Kemira expands its offering into industrial water treatment services and has signed a purchase agreement to acquire Water Engineering, Inc., a company specialized in water treatment services with headquarters in Nebraska, from Nolan Capital, Inc. The purchase price is approximately $150 million in cash, subject to the usual purchase price adjustments. The transaction is expected to close before the year-end 2025, following regulatory approvals and customary closing conditions.
This acquisition represents a significant strategic milestone for Kemira, expanding its Water Solutions business into industrial water treatment services. Water Engineering, Inc. brings significant expertise in boiler and cooling tower water treatment formulations, as well as industrial wastewater treatment solutions in sectors such as food and beverage, manufacturing, and healthcare, along with strong cross-selling potential for Kemira’s existing product portfolio.
Water Engineering, Inc. has demonstrated robust growth in recent years. The acquisition provides Kemira with a solid platform for further organic and inorganic expansion in the industrial water treatment services sector—a market that is expected to grow faster than the traditional municipal and industrial water treatment sectors.