19 December 2006 18:01 [Source: ICIS news]
TORONTO (ICIS news)--International Paper (IP), a US-based forest products company, said on Tuesday that it has agreed to sell its Arizona Chemical business for $485m (€370m) to a private equity and buyout firm.
Under the transaction with Rhone Capital, IP will retain a 10% stake in an acquisition vehicle to be formed by ?xml:namespace>
Florida-based Arizona Chemical is a maker of pine chemicals with 11 manufacturing sites in the
($1 = €0.76)
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