30 November 2006 13:38 [Source: ICIS news]
TORONTO (ICIS news)--US specialty chemicals maker Rockwood said on Thursday it has agreed to sell its France-based Groupe Novasep subsidiary for €425m ($560m).
The buyers are private equity firm Gilde Buyout Partners, Banexi Capital and Groupe Novasep management. Rockwood expects the sale to close by 31 January.
New Jersey-based Rockwood holds 78.6% of Novasep while Groupe Novasep management holds the balance.
Novasep is a fine chemicals and pharmaceutical services company.
$1 = €0.76
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections