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The Lubrizol Corporation announced May 1 that it has completed the sale of its food ingredients and industrial specialties business to an affiliate of private investment firm Sun Capital

Food & Drink Weekly, May 8, 2006

The Lubrizol Corporation announced May 1 that it has completed the sale of its food ingredients and industrial specialties business to an affiliate of private investment firm Sun Capital. Cash proceeds from the transaction were $270 million, before working capital adjustments. The business, which was formerly part of Lubrizol's specialty chemicals segment, will be renamed Emerald Performance Materials.

It consists of a fine chemicals group, a specialty polymers and additives unit and a performance materials segment.

COPYRIGHT 2006 Informa Economics, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
 

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