LUDWIGSHAFEN, Germany, April 16, 2012 /PRNewswire/ --
BK Giulini GmbH, a subsidiary of ICL Performance Products (ICL-PP), today announced that its BKG Water Solutions division has acquired TIAMI VATTENKEMI AB., one of Scandinavia's largest water treatment companies.
TIAMI, a Swedish-owned, privately-held company founded in 1991, is based in Göteborg, Sweden and provides a comprehensive array of industrial water treatment solutions, including chemicals, equipment and services. The company also develops environmentally-friendly water treatment solutions.
TIAMI's personnel, products and knowledge base will be integrated into BKG-Water Solutions, where they will complement BKG Water Solution's existing water treatment business and strengthen its water treatment offerings in the Nordic region.
Commenting on the acquisition, Eli Glazer General Manager of BK Giulini, said, "We are pleased to welcome TIAMI to the BKG family and look forward to integrating TIAMI's products and technologies into our existing water treatment business. We intend to leverage TIAMI's unique product range, strong distribution network and excellent service capabilities to boost our presence in Scandinavian countries."
Charles Weidhas, CEO of ICL Performance Products added, "BKG Water Solution's purchase of TIAMI is in line with our strategic focus to expand ICL's offering of innovative water solutions and services for the industrial water treatment sector, a rapidly-developing market that has been building momentum over the last several years. The acquisition of TIAMI will position ICL as a leader in the water treatment industry in Northern Europe."
About BKG Water Solutions
BKG Water Solutions is a division of BK Giulini GmbH, an ICL Performance Products company, which benefits from a long tradition of chemical specialties. BKG Water Solutions provides solutions, chemicals and service for all kinds of water treatment. With decades of experience in water Treatment, BKG Water Solutions combines innovative technologies and services provided by high skilled engineers. Thanks to an intensive research and development, and to our own production facilities, we offer an extensive range of products as well as tailor-made solutions to cover every specific application and help optimize the efficiency of water processes achieving the greatest economy and long-term operational reliability. Visit our website http://www.bkgwater.com for more information.
About ICL Performance Products
ICL Performance Products (ICL-PP), one of ICL's core operating segments, produces and markets food-grade phosphoric acid, phosphate salts, food additives and hygiene products, as well as specialty products and services for the paper, construction and water treatment markets. ICL-PP's production facilities are located in Europe, North and South America, Israel, Australia and China. The company's food additives contribute to the appearance, texture, taste and preservation of a wide variety of foods, including bakery products, processed meat, fish and seafood, as well as cheese and milk products. For more information, visit http://www.icl-perfproductslp.com
ICL is one of the world's leading fertilizer and specialty chemicals companies. For a world challenged by population growth and scarce resources, ICL makes products that increase global food and water supplies and improve industrial materials and processes. One of the world's most integrated manufacturers and suppliers of phosphate products, ICL has become the world's leading provider of pure phosphoric acid and a major specialty phosphate player. ICL is comprised of three core segments: ICL Fertilizers, ICL Industrial Products and ICL Performance Products. Its major production activities are located in Israel, Europe, the US, South America and China, and are supported by major global marketing and logistics networks. ICL benefits from exclusive concessions to extract minerals from Israel's Dead Sea, a vast source of high-quality and low-cost potash, bromine, magnesium chloride and sodium chloride. ICL also mines phosphate rock from Israel's Negev Desert and potash and salt from its mines in Spain and the UK.
ICL's shares are traded on the Tel Aviv Stock Exchange (TASE: ICL).
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SOURCE ICL - Israel Chemicals Ltd