Volume 90 Issue 50 | p. 22 | Concentrates
Issue Date: December 10, 2012

Taminco Attempts Stock Offering Again

Department: Business
Keywords: amines, private equity, IPO
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Taminco acquired this Pace, Fla., plant from Air Products & Chemicals in 2006.
Credit: Taminco
Photo of Pace, Fla., amines plant Taminco acquired from Air Products & Chemicals in 2006.
 
Taminco acquired this Pace, Fla., plant from Air Products & Chemicals in 2006.
Credit: Taminco

The amines specialist Taminco Global Chemical has filed documents with the U.S. Securities & Exchange Commission for an initial public offering (IPO) of up to $250 million in stock. Taminco was formed in 2003 from the amines business of Belgium’s UCB and has grown by acquiring similar businesses to reach $1.1 billion in sales last year. It filed for an IPO on the Brussels Stock Exchange in 2010 when owned by CVC Capital Partners but later withdrew the request. CVC sold Taminco to Apollo Global Management late last year for $1.4 billion.

 
Chemical & Engineering News
ISSN 0009-2347
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