Veolia Completes Sale of Sulfuric Acid Regeneration Division in North America
Wednesday, 31 July 2024, 06:41
Overview
Veolia has announced the sale of its sulfuric acid regeneration business in North America. The company has made this strategic decision to focus on its core operations by divesting non-priority assets.
Details of the Sale
- Buyer: American Industrial Partners
- Enterprise Value: $620 million
- Revenue of Sold Division: $350 million in 2023
Conclusion
This divestment aligns with Veolia's ongoing strategy to enhance operational efficiency and reallocate resources toward its main business initiatives.
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