EU Commission Clears Sun Capital's Acqusition of DSM Special Products

Private equity firm Sun Capital Partners (Boca Raton, FL) has received European Union regulatory approval to buy DSM's Special Products subsidiary. The divestment of the €100 million ($133.5 million)/year unit, was DSM's second attempt to sell the operation, which will be merged with Emerald Performance Materials (Cuyahoga Falls, FL), owned by Sun Capital. 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...

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