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French company Veolia to sell sulfuric acid regeneration business in North America
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French company Veolia to sell sulfuric acid regeneration business in North America
Jul 31, 2024 12:13 AM

PARIS, July 31 (Reuters) - French group Veolia

said it had agreed to sell its sulfuric acid regeneration

business in North America to private equity firm American

Industrial Partners for an enterprise value (EV) of $620

million.

The disposal of Veolia North America Regeneration Services,

which includes its sulfuric acid and hydrofluoric acid

regeneration activities for refineries, forms part of Veolia's

strategy to part with non-priority assets to free up resources

for core businesses, said the company.

The division being sold generated a 2023 revenue of $350

million.

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