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Business
Sun Capital forms Emerald
May 8, 2006
| A version of this story appeared in
Volume 84, Issue 19
Private investment firm Sun Capital Partners has completed the purchase of Lubrizol's food ingredients and industrial specialties business and has renamed it Emerald Performance Materials. Sun paid $270 million for the business, which employs 625 people and had sales last year of about $400 million. The new firm, which plans to set up headquarters in northeast Ohio, says it is one of North America's largest producers of polymer additives and the largest U.S. maker of benzoic acid, benzaldehyde, and derivatives for food, beverage, flavor, and fragrance customers.
The power is now in your (nitrile gloved) hands
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