German producer of polymer hollow fibre membranes, Mann+Hummel said it has full acquired Microdyn-Nadir in which it earlier held a 50 per cent stake.
In line with its strategy of growth outside the automotive sector, Mann+Hummel had entered the water filtration market with takeovers of Ultra-Flo in 2010 and Fluid Brazil in 2012.German producer of polymer hollow fibre membranes, Mann+Hummel said it has full acquired Microdyn-Nadir in which it earlier held a 50 per cent stake#
Mann+Hummel has focused on polymer hollow fibre membranes, whereas Microdyn-Nadir specialises in manufacturing and selling flat membranes.
Microdyn-Nadir is one of the world's leading suppliers of membranes and modules for micro, ultra and nanofiltration.
The membrane division of the former Hoechst AG, which was previously known as Nadir Filtration, was founded in 1966.
Nadir Filtration and Microdyn Modulbau, which has its origins in Akzo AG, merged in 2003 and the resulting company has been an important player in the membrane market ever since.
The company has a strong market position in the industrial and municipal water and waste water treatment sectors.
Microdyn-Nadir's headquarters are in Wiesbaden and it also has subsidiaries in China and the US.
Around 70 per cent of Microdyn-Nadir’s 100 employees are based at the company's headquarters and main production facility in Wiesbaden.
Microdyn-Nadir will continue to focus on the production and sale of membranes and modules and the ultrafiltration membranes manufactured by Mann+Hummel will be sold under the Aquadyn product name.
"This complete takeover is a step towards our goal of establishing Mann+Hummel as a major player in the water filtration business,” explains Alfred Weber, president of Mann+Hummel.”
He added, “We are certain that our new structure will allow us to respond more flexibly and quickly to the needs of the water filtration market in future." (AR)
Fibre2fashion News Desk - India
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