Taminco closes acquisition of Air Products amines

LONDON (ICIS news)--Belgian company Taminco said on Monday that it had closed the acquisition of Air Products' American amines business.

The amines business, which generated revenues of $310m (€242m) in fiscal year 2006, includes plants at Pace, Florida, St Gabriel, Louisiana, and Camacari, Brazil. The business employs 225 people.

Taminco said that the company's annual turnover would be around $540m.

The amines business produces methylamines and higher amines products used globally in many household, industrial and agricultural products. Taminco is a leading producer of methylamines and methylamine derivatives.

Based in Ghent, Belgium, Taminco was founded in 2003 after separating from UCB.