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DuPont to buy BASF's ultrafiltration membrane business

DuPont de Nemours Inc. unit DuPont Safety & Construction agreed to acquire BASF SE's ultrafiltration membrane business, including inge GmbH.

Inge provides ultrafiltration technology used in the treatment of water.

Through the transaction, which includes the purchase of related production site located in Germany and intellectual property, DuPont intends to expand its water purification and separation technology business.

The acquisition, financial terms of which were not disclosed. is expected to close by the end of the year, subject to customary closing conditions and regulatory approvals.