U.S. industrial company, Pentair, will buy Clean Process Technologies (CPT) from Netherlands-based Norit, The Wall Street Journal reports. The deal is estimated to be valued at about €503 million. Doughty Hanson, owner of CPT, will continue to own a majority stake in Norit and its Activated Carbon division along with the Norit management. CPT develops clean technologies and systems in the high growth water and beverage industries.
Click here for the story from The Wall Street Journal.
Click here for the additional coverage from Reuters.