DSM Agrees to Sell Special Products Unit to Emerald Performance Materials

DSM says it has reached agreement with Emerald Performance Materials (Cuyahoga Falls, FL), owned by private equity firm Sun Capital Partners (Boca Raton, FL), to sell DSM Special Products business. The agreement, the second time that DSM has tried to sell the business, is subject to regulatory and other approvals and notifications and is expected to close in the third quarter. DSM says it expects "a small book profit" from the transaction. DSM Special Products, with plants at Rotterdam, is a leading producer of benzoic acid, sodium benzoate...

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