02 January 2009 13:57 [Source: ICIS news]
TORONTO (ICIS news)--Albermarle has completed the sale of its facility in Port de Bouc, France, to Azur Chimie, a wholly-owned affiliate of International Chemical Investors Group (ICIG), the US specialty chemicals and catalysts producer said on Friday.
Azur Chimie would toll manufacture certain products for ?xml:namespace>
"This strategic divestiture will position us to better focus on our core business initiatives," said vice president of Albemarle's fine chemicals segment Ron Gardner.
As a result of the sale,
The Port de Bouc plant, near Marseille, employs approximately 180 people and produces a wide variety of bromine fine chemicals and intermediates.
Frankfurt-based ICIG is described as a privately-held investment company focused on mid-sized chemicals businesses.
($1 = €0.71)
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