People & Business :: M&A
Penrice Plans to Sell Limestone Mine to Reduce Debt
6:41 AM MDT | May 25, 2012 | Natasha Alperowicz
Penrice Soda Holdings (Osborne), Australia’s leading supplier of soda ash and sodium bicarbonate, says it is looking to sell its limestone mine at Angaston, South Australia to reduce the company’s debt. The mine supplies chemical limestone for use in the production of soda ash at the company’s Osborne plant. “A sale is being pursued as part of the company’s strategic review, the primary purpose of which is to reduce the company’s debt,” says Penrice chairman David Trebeck. The limestone is a key raw material for...
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