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DSM Sells Special Products to Arsenal Capital

1:08 PM MST | March 3, 2008 | CW Editorial Staff

DSM says it has reached an agreement to divest its special products unit to Arsenal Capital Partners (New York), as part of its previously announced vision 2010 strategy, which aims to transform DSM into a life sciences and materials sciences company. The special products deal represents DSM's first divestment related to its transformation program. DSM says it expects to realize operating profit after tax of just more than €10 million ($14.8 million) on the sale, which will be reported as an exceptional item in the income statement. The transaction is...

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