CVC Sells Taminco To Apollo Management | Chemical & Engineering News
Volume 90 Issue 1 | p. 12 | Concentrates
Issue Date: January 2, 2012

CVC Sells Taminco To Apollo Management

Department: Business
Keywords: specialty chemicals, private equity, alkylamines

Taminco is changing hands between two private equity firms. CVC Capital Partners has agreed to sell the Belgian alkylamines specialist to Apollo Global Management for $1.4 billion. Taminco’s products are found in applications as varied as agricultural chemicals and water treatment. It generated pretax profits of $210 million on about $930 million in sales in 2010. The private equity firms are no strangers to chemicals. CVC owns a minority stake in Evonik Industries. Apollo owns Momentive Performance Materials Holdings.

 
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