DSM, Arsenal Drop Benzoic Acid | February 9, 2009 Issue - Vol. 87 Issue 6 | Chemical & Engineering News
Volume 87 Issue 6 | p. 18 | Concentrates
Issue Date: February 9, 2009

DSM, Arsenal Drop Benzoic Acid

Department: Business

DSM says it won't sell its special products business to Arsenal Capital Partners as previously announced. The business, with annual sales of about $150 million, makes benzoic acid and derivatives at a plant in the Netherlands. The sale to Arsenal was announced in March 2008, but a subsequent ruling by the European Commission required Arsenal to sell a benzoic acid plant in Estonia operated by its Velsicol Chemical subsidiary. DSM says the requirement "led to the conclusion that the intended sale is no longer feasible.

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