DuPont Buys MECS Inc., Seeing Growth in Clean Technologies
The acquired company provides services related to the world's most-used chemical, sulfuric acid.
DuPont has signed a definitive agreement to acquire MECS Inc., a leading provider of services related to the world's most-used chemical, sulfuric acid. DuPont said the acquisition increases its ability to deliver sustainable solutions and expands its reach in emerging markets, particularly in Asia and the Middle East.
"Every day around the world, DuPont applies its market-driven science and knowledge to help customers address some of the world's biggest challenges, including protecting the environment," said Jim Weigand, president of DuPont Sustainable Solutions. "MECS' technologies and services will expand and strengthen DSS business' clean air and clean fuel offerings and provide access to markets beyond those we now serve. We estimate that this acquisition will increase the addressable market for our clean air and clean fuel offerings from approximately $200 million to $1 billion."
MECS provides process technology, specialty equipment, and technical services to the sulfuric acid industry. Producers use its technologies to capture sulfur that would otherwise become a pollutant and transform it into sulfuric acid, which is widely used in industry, from oil refining to metalworking, chemicals and fertilizers, and more. The company is based in Chesterfield, Mo.