Issue Date: June 25, 2007
SNPE Sells Business In Lockport, N.Y.
Groupe SNPE, the French state-owned chemical company, has sold its U.S. fine chemicals subsidiary, Isochem Inc., to New York City-based Buckingham Capital Partners II. Lockport-based Isochem, which makes phosgene derivatives, will adopt its former name, VanDeMark Chemical. SNPE said late last year it was considering options for its entire fine chemicals unit, including a sale or partnership. The business has operations across several sites in France, as well as in San Diego and Hungary.
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