Evoqua Water to divest carbon reactivation, slurry operations to Desotec

Evoqua Water announced that it has entered into a definitive agreement to divest its carbon reactivation and slurry operations to Desotec. The agreement, which includes the product line’s workforce, reactivation facilities and associated equipment in Darlington, Pennsylvania, and Parker, Arizona, and the reactivation and carbon vessel manufacturing facility in Red Bluff, California, is expected to close during Evoqua’s third quarter of fiscal 2023, which ends June 30, 2023, subject to customary terms, regulatory approvals, and closing conditions. Gross proceeds upon closing of the transaction are anticipated to be approximately $100M. The sale of the carbon reactivation and slurry business will allow Evoqua to focus on its core service business, which includes carbon services and the sale of high-quality activated carbon. After close, Evoqua will enter into a supply agreement with Desotec for reactivated carbon to continue to service its customers. Carbon is typically used in municipal and industrial applications to remove organic and inorganic contaminants from water sources.