TORONTO (ICIS news)--US specialty chemicals maker Rockwood said on Thursday it has agreed to sell its France-based Groupe Novasep subsidiary for €425m ($560m).
The buyers are private equity firm Gilde Buyout Partners, Banexi Capital and Groupe Novasep management. Rockwood expects the sale to close by 31 January.
New Jersey-based Rockwood holds 78.6% of Novasep while Groupe Novasep management holds the balance.
Novasep is a fine chemicals and pharmaceutical services company.
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