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Markets :: Specialty Chemicals :: Food additives

DSM Aborts Sale of Special Products to Arsenal

2:47 AM MST | February 3, 2009 |

Natasha Alperowicz

DSM says it has decided not to proceed with a previously announced sale of its DSM Special Products (DSP) business to Arsenal Capital Partners. This follows an in-depth investigation by the European Commission into the transaction and the conditions imposed, which made the sale "no longer feasible," DSM says. DSP has annual sales of about €100 million ($128.2 million) and employs 130 people at its Rotterdam and Sittard, the Netherlands sites. It makes Purox, an ingredient used in food as well as in a range of industrial applications. It also...

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