Vivendi Environnement Agrees to Sell Johnson Screens
Vivendi Water, a subsidiary of Vivendi Environnement, announced that it has entered into an agreement to sell its Johnson Screens business to Weatherford International, Inc.
Johnson Screens is part of the Filtration and Separations Group of Vivendi Waters USFilter subsidiary. Based in New Brighton, Minn., Johnson Screens is a global provider of close-tolerance, high strength screen systems used for fluids/solids separation in industrial and municipal applications.
The sale furthers Vivendi Environnements announced strategy to reduce debt, divest non-core assets and focus on its core environmental businesses.
The transaction is expected to complete before year-end and is subject only to normal regulatory approvals.
Vivendi Water, a subsidiary of Vivendi Environnement, is the leading global provider of water and wastewater services for municipal authorities, industrial companies and consumers. The company provides the entire range of outsourcing and design-build services, as well as equipment and systems.