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United International Bank, a Shari'a compliant investment bank headquartered in Bahrain, recently announced its acquisition of the UK based BWA Water Additives (BWA), a leading water treatment solution provider from Close Brothers Private Equity LLP.
Headquartered in the UK, BWA has been operating for over 35 years with laboratories in the UK and USA. The company is a world leader in the development and marketing of high performance speciality chemicals for water treatment.
Asaad Albanwan, chairman of the UIB board, said: "BWA is a global leader, providing innovative and effective water treatment solutions. This acquisition will help UIB establish a presence in this important space and we look forward to exploiting the synergies of both companies to gain a competitive advantage."
Abdulla Janahi, UIB's general manager and acting chief executive officer, said: "From a regional perspective, BWA has a significant presence in the Middle East and has positioned itself as the leader in the high performance chemicals sector for water treatment. This offers UIB the opportunity to support BWA in its drive through the next phase of growth."
