04 April 1994 00:00 [Source: ICB]
Reckitt & Colman is to sell its specialist pigments business, Reckitt's Colours International, to the UK company Holliday Chemical Holdings. Subject to final HCH shareholder approval the sale, at a total consideration of £52m, ($78m) will be completed by the end of April. With a turnover of £30m in 1993, Reckitt's Colours International is the world's leading manufacturer of ultramarine pigment products, distributing to 80 countries.
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