From: Anonymous CCXXXVI
Sent:
To:
gsg@sellnext.com
Subject: US
Filter
Veolia [Vivendi Environmental]
to sell USFilter businesses to offset $13 billion
loss
PALM DESERT, CA — Veolia Environnement, the parent company of USFilter,
has
announced plans to sell USFilter's
Consumer & Commercial business, which
includes the Culligan and Everpure
brands. The proceeds of these sales
would be used to reduce Veolia's
$13 billion debt load, according to a
company news release.
Veolia will also sell the
combined USFilter Systems and Services & Products
business, the company said on Sept. 24. It will retain USFilter's Operating
Services and Engineering & Construction business,
however.
"As Veolia more precisely
defined their strategic focus around long-term
operating contracts, much of the USFilter
business scope fell outside of
their definition," said USFilter
CEO Andy Seidel.
The Culligan and Everpure
businesses are market leaders in residential and
commercial water treatment, with annual sales of over
$740 million, the
release said.
The USFilter Systems and
Services & Products (equipment and industrial
services) business is the largest water and wastewater
treatment equipment
and associated services company in the world, with annual
revenues of $1.2
billion, the company reported.
Veolia Environnement
is the largest environmental services company in the
world with more than 295,000 employees in about 100
countries with annual
revenues of approximately $31.5 billion, the release
said.