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Business
LG Chem Buys U.S. Filtration Firm
by Jean-François Tremblay
March 24, 2014
| A version of this story appeared in
Volume 92, Issue 12
South Korea’s LG Chem will pay $200 million to buy NanoHO, an El Segundo, Calif.-based developer and manufacturer of reverse-osmosis membranes for water desalination. In a press briefing, LG said that NanoH2O’s technology for low-cost desalination is superior to that of its competitors. LG hasn’t decided whether to move any part of NanoH2O’s operations to South Korea. In October, the California firm had announced the construction of a plant in Liyang, China, to complement facilities already operating in Los Angeles.
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