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Markets :: Basic Chemicals :: Petrochemicals :: Acetone

Bain Capital Prepares to Divest Novacap

9:10 AM MDT | September 24, 2010 | Ian Young

Private equity firm Bain Capital is preparing to put Novacap (Lyon, France) up for sale, reports say. Bain acquired Novacap from Rhodia in 2002. Novacap has three businesses: Novacarb, which makes soda ash; Novacid, producing hydrochloric acid; and Novapex, making cumene, phenol, and acetone. The company has combined sales of about €520 million/year. Novacap completed a €130-million debt refinancing last June. Bain and Novacap declined to comment on the...

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