Israel Chemicals acquires Swedish water treatment company
LADENBURG, Germany — BK Giulini GmbH, a subsidiary of Israel Chemicals, announced on Monday its Water Solutions division had bought TIAMI VATTENKEMI, one of Scandinavia''s largest water treatment companies, to boost its presence in northern Europe, Bloomberg reported.
TIAMI, a privately held company founded in 1991, is based in Goteborg, Sweden, and provides industrial water treatment solutions, including chemicals, equipment and services. It also develops environmentally-friendly water treatment solutions.
"We intend to leverage TIAMI''s unique product range, strong distribution network and excellent service capabilities to boost our presence in Scandinavian countries," Eli Glazer, general manager of BK Giulini, said in a statement.