Issue Date: March 19, 2007
Solutia's Dequest Goes To Thermphos
Solutia plans to sell Dequest, its water treatment phosphonates business, to Thermphos, a Dutch manufacturer of phosphorus and derivatives. The price is $67 million in cash, subject to approval by the bankruptcy court overseeing Solutia's reorganization. Dequest had sales last year of less than $115 million, Solutia says. Under the deal, Solutia will continue to operate the plant in Newport, Wales, where it makes Dequest products.
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