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People & Business :: Companies
Balchem Buys Akzo’s Methylamines and Choline Chloride Businesses
9:57 AM MDT | July 27, 2007 | Ian Young
Balchem (New Hampton, NY) says it has agreed to acquire Akzo Nobel’s methylamines and choline chloride businesses for an undisclosed amount. The businesses have combined sales of about $35 million/year. The deal is expected to close by early June. Rossi: Adding a European presence. Selling methylamines and choline chloride completes a program, announced by Akzo in 2005, to divest chemical businesses with combined sales of about €700 million/year ($932 million), the company says. Other divested businesses include polyvinyl chloride additives and...
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