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Business
Arizona Chemical Going Public
by Alexander H. Tullo
April 19, 2010
| A version of this story appeared in
Volume 88, Issue 16
Arizona Chemical, the former International Paper unit that makes chemicals, rosins, and resins from crude tall oil and sulfate turpentine, has filed a prospectus for an initial public offering with the Securities & Exchange Commission. The company seeks to raise $125 million and plans to list its shares on the New York Stock Exchange under the ticker symbol "ARZ." In 2009, the company generated $12.1 million in earnings on revenues of $767 million. The private equity firm Rhône Capital purchased Arizona Chemical from International Paper in 2007.
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