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Business
Cognis Sheds Fiber Treatments
July 21, 2008
| A version of this story appeared in
Volume 86, Issue 29
Specialty chemical supplier Cognis has agreed to sell its Pulcra Chemicals textile and leather process chemicals subsidiary to Germany's Fashion Chemicals for about $40 million. Fashion Chemicals is an investment group backed mainly by the Turkish company Deri Sanayicileri Dis Ticaret, whose stakeholders include tanneries and leather manufacturers. Pulcra reported sales of $337 million last year.
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