From: Anonymous CCXXXVI
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
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.