Second phase of Cytec's water treatment business acquisition by Kemira
Second phase of the American chemical company Cytec Industries, Inc.'s water treatment and acrylamide business acquisition by Kemira Oyj has been confirmed. The first phase closing in October 2006 included the entire product lines with the exception of Botlek site and certain assets at various subsidiaries in Asia/Pacific and Latin America. This second phase completes the transfer of the Botlek site located in the Netherlands. Assets in Asia / Pacific and Latin America are expected to be transferred during Q2 / 2007.
The estimated total purchase price for the business is EUR 190 million including EUR 16 million for the second phase and approximately EUR 10 million for the last phase.
Most read news
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.