Akzo to Sell PVC Additives to Private Equity Firm

U.K.-based private equity firm GIL Investments has agreed to buy Akzo Nobel’s Akros Chemicals polyvinyl chloride (PVC) business. Financial terms, and sales and profits from the business were not disclosed. Akzo’s plants at Eccles, U.K and New Brunswick, NJ and its 160 employees at those sites will be transferred to GIL, as part of the deal, Akzo says. Akzo says it has agreed to toll manufacture the PVC additives from its plants at Greiz, Germany and Itupeva, Brazil. Seperately, Akzo has agreed to sell its pharmaceuticals business Organon BioSciences...

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