DSM Hits Hurdle in Special Products Divestment

DSM's second attempt to sell its €100 million ($133.1 million)/year Special Products unit has hit a stumbling block, CW has learned. The company announced in early August that it had reached an agreement to sell the business to Emerald Performance Materials (Cuyahoga Falls, FL), owned by private equity firm Sun Capital Partners (Boca Raton, FL). DSM Special Products, with plants at Rotterdam, is a leading producer of benzoic acid, sodium benzoate, benzaldehyde and benzyl alcohol based on toluene oxidation. Emerald Performance Materials owns Emerald Kalama...

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