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Issue 2 2021 - Solvay sells surfactant business in the US and Europe

 Last Update: 2022-11-12
 Source: Internet
 Author: User

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Solvay sells surfactant business in the U.
S.
and Europe

On January 5, specialty chemicals company Solvay announced that it had agreed to sell its two surfactant businesses in North America and Europe to U.
S.
private equity firm OpenGate Capital
.
The business employs approximately 175 people and includes three major production sites in University Park, Illinois, USA, Halifax, UK, Genting, Germany, and a toll collection business
in Turkey.
Michael Radossich, President, Novecare Global Business Unit, Solvay, said: "This agreement is another critical step in the execution of our strategic plan as we further focus our home and personal care portfolio on our growing portfolio of specialty formulations and customized solutions
.
”

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