Rhodia sells its European specialty phosphates business to Thermphos International
This business employs 270 people and generated net sales of 75 million euros in 2003. It produces and sells specialty phosphates for use in a wide variety of applications, including food, pharmaceuticals, cleaning agents, water and metal treatment, horticulture and textiles.
The agreement is expected to be finalized before the end of this month.
The transaction is part of the approximately 880 million euros that Rhodia will achieve from divestitures in 2004.
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