Total sells consumer specialty chemicals business for €335m

06 April 2010 10:50  [Source: ICIS news]

LONDON (ICIS news)--Total has sold its consumer specialty chemicals business, Mapa Spontex, to US-based Jarden for €335m ($453m), the French energy and petrochemicals major said on Tuesday.

Total said Mapa Spontex, a manufacturer of baby and homecare products, would be a strategic fit for Jarden, which produces and markets niche consumer products.

“The transaction… allows Total to continue refocusing its chemicals portfolio on materials science, such as polymers, adhesives, rubber processing and electroplating,” said Francois Cornelis, president of Total Chemicals.

($1 = €0.74)

To discuss issues facing the chemical industry visit ICIS connect

By: Franco Capaldo
+44 (0)20 8652 3214

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.

Printer Friendly