Solutia Sells Water Treatment Business to Thermphos

Solutia says it has reached a definitive agreement to sell Dequest, its water treatment phosphonates business, to Thermphos Trading (Vlissingen, The Netherlands), a producer of phosphorus and phosphorous derivatives, for $67 million and subject to a working-capital adjustment. Solutia says it will continue operating the Dequest plant at Newport, Wales for Thermphos, under terms of the deal. The transaction is pending governmental and regulatory approval and must be authorized by the bankruptcy court overseeing Solutia’s reorganization. Solutia intends to...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers