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BASF Biopolymer Exit

5:14 PM MDT | July 9, 2012

BASF has signed a contract to sell the company’s Chitosan marine biopolymers business to Seagarden (Haugesund, Norway). The transaction, expected to be completed by August, includes the Chitosan business and a production site at Tromsø, Norway. The business will be owned by Seagarden’s Chitinor subsidiary, BASF says. Seagarden specializes in natural seafood ingredients, marine bioactives, and biopolymers. Chitinor produces and supplies marine biopolymers based on shells from the North Atlantic shrimp pandalus borealis. The biopolymers are used...

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