Borgo Olona acquires Borealis’ business and operations in Castellanza, Italy
Borealis announced that it has reached an agreement for the sale of its business and operations in Castellanza, Italy, (AMI – Italy) to Borgo Olona, a group of investors well known in the region. The new owner has decided to rename the company Chemisol Italia Srl.
AMI Agrolinz Melamine International Italy, an affiliate of Borealis AG, manufactures a range of melamine based resins for various applications and additives for the woodwork industry and is being sold as a result of Borealis’ intention to focus on its base chemicals portfolio of core products, namely melamine, plant nutrients, phenol and olefins from its European cracker operations. The Castellanza plant, near Milan, has a production capacity of approximately 12,000 tons per year (t/y) of melamine resins and 3,000 t/y of additives. No job losses are incurred during the sale, according to the company.
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