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Lonza Completes Sale of Isophthalic Acid Plant

4:35 AM MST | November 20, 2007 |

Alex Scott

Fine chemicals firm Lonza says it has completed the previously disclosed sale of its purified isophthalic acid plant in Singapore to Perstorp Group. Perstorp acquired the plant for $138 million. The deal represents another milestone in Lonza’s strategy to focus on its life science operations, following the transformational changes to its portfolio implemented during the past year, the company says. “Over 90% of Lonza’s sales now relate directly to the life sciences,” the company...

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