Issue Date: June 15, 2015
Innospec Aromas Go To Emerald
Innospec plans to sell its aroma chemicals business to Emerald Performance Materials for $40.5 million. Known for its lily of the valley fragrance used in soap and detergents, the business operates a plant in Widnes, England. It’s expected to have sales of about $50 million this year. Innospec says the sale will allow it to focus on fuel additives, oil-field chemicals, and personal care ingredients. Emerald already makes a line of benzoic acid-derived fragrance chemicals.
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