Great Lakes sells U.K. plant to Shott | Chemical & Engineering News
Volume 82 Issue 24 | p. 17 | Concentrates
Issue Date: June 14, 2004

Great Lakes sells U.K. plant to Shott

Department: Business
GOOD DEAL
The sale of Great Lakes Chemical's Holywell facility includes these new labs.
Credit: GREAT LAKES CHEMICAL PHOTO
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GOOD DEAL
The sale of Great Lakes Chemical's Holywell facility includes these new labs.
Credit: GREAT LAKES CHEMICAL PHOTO

GREAT LAKES CHEMICAL PHOTO Great Lakes Chemical has sold its Holywell, Wales, fine chemicals plant to Ian Shott Development for an undisclosed sum. Ian Shott, a veteran of fine chemicals firms such as Lonza and Rhodia, formed his own company last year. In April, his company acquired the Scottish engineering company WH Promation. Shott says the Holywell business, which recently received an $8 million investment, will capitalize on experience in nonnatural amino acid technologies and asymmetric synthesis. He also plans to boost its contract research business. For Great Lakes, the sale represents an exit from the fine chemicals business; Great Lakes sold its Widnes, England, plant to Pentagon Chemicals in December.

 
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