MECS sold to DuPont

New York-Affiliates of American Securities LLC, a New York-based middle market private equity firm, said Nov. 10 that they have entered in a definitive agreement to sell MECS Inc. to DuPont. MECS is a leading provider of process technology, proprietary specialty equipment, and technical services to the sulfuric acid industry. Terms of the agreement were not disclosed. American Securities, together with members of the management team, acquired MECS in January 2008. MECS operates globally with approximately 70 percent of its revenue generated outside North America and in locations that include Brazil, China, India, and parts of Africa. A large number of the world’s sulfuric acid producers use MECS technology to capture sulfur that would otherwise become a pollutant and transform it into sulfuric acid. “Together with American Securities, MECS embarked on a mission to accelerate sound and sustainable growth in the sulfuric acid industry,” said MEC CEO Nick Bhambri. “Every step of the way, our partners at American Securities added value through their analytical expertise, Shanghai office resources, experience, and long-term focus. They believed in our ability to build a great company and played a strong role in supporting our growth initiatives, including with participation of their Resources Group. We are confident DuPont will be a strong growth platform for us as we move forward.” DuPont said MECS will expand and strengthen its clean air and clean fuel offerings and provide access to markets beyond those it now serves, which are highly attractive.