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Industry: Email Alert RSS FeedThe 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.
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It consists of a fine chemicals group, a specialty polymers and additives unit and a performance materials segment.
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