28 February 2007 22:52 [Source: ICIS news]
TORONTO (ICIS news)--International Paper has completed the $485m (€370m) sale of its Arizona Chemical business to private equity firm Rhone Capital, the company said on Wednesday.
International Paper, which announced the transaction in December, would acquire a 10% stake in an acquisition vehicle to be formed by ?xml:namespace>
Arizona Chemical is a supplier of pine chemicals to adhesives, inks and coatings, and oleochemicals markets. The Jacksonville, Florida-based company employs 1,500 people at 11 manufacturing sites in the
($1 = €0.76)
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