Issue Date: July 21, 2008
Cognis Sheds Fiber Treatments
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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