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DSM Divests Citric Acid Business to Adcuram

6:21 AM MDT | September 23, 2010 | Natasha Alperowicz

DSM says it has agreed to sell its citric acid business, Citrique Belge (Tienen, Belgium), to Adcuram Group (Munich), a privately owned industrial holding. The divestment is part of DSM's strategy to become a life sciences and material sciences company. The sale is expected to close in the fourth quarter of this year, subject to regulatory approvals. Financial details were not disclosed. DSM closed its citric acid manufacturing plant at Wuxi, China, last year leaving Citrique Belge as its only citric acid operation. DSM expects to report a book loss of about...

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