27 February 2013 04:35 [Source: ICIS news]
LONDON (ICIS)--Tessenderlo plans to sell its compounds business to Mitsubishi Chemical for an undisclosed sum, the Belgium-based chemicals firm said late on Tuesday.
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The divestment is in line with Tessenderlo’s focus on specialty products and services in the areas of food, agriculture, water management and bio-residuals, Tessenderlo said in a statement.
The business employs a staff of about 360 people and generated €120m ($156m) in revenues in 2011.
($1 = €0.77)
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