in this issue
Regions :: Western Europe :: Italy
La Seda Sells EO-EG Subsidiary to U.S. Firm
8:51 AM MDT | June 10, 2010 | Natasha Alperowicz
La Seda de Barcelona says it has agreed to sell its Industrias Quimicas Asociadas (IQA; Tarragona, Spain) ethylene oxide (EO) and ethylene glycol (EG) production subsidiary to American Industrial Acquisition Corp. (AIAC; New York) for €23 million ($28.9 million). The divestment forms part of La Seda's previously announced five-year restructuring plan, which includes 300 layoffs, the sale of five production plants, and an increased focus on polyethylene terephthalate (PET) bottle resin production. La Seda says that seven companies expressed interest in buying...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee