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Business
CVC Sells Taminco To Apollo Management
by Alexander H. Tullo
January 2, 2012
| A version of this story appeared in
Volume 90, Issue 1
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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