Rhone Capital Acquires Arizona Chemical

International Paper (IP) says it has agreed to sell its Arizona Chemical (Jacksonville, FL) unit to private equity firm Rhone Capital for $485 million. As part of the agreement, IP will retain a minority interest of approximately 10% in Arizona Chemical. The deal is expected to close in the first quarter, IP says. Arizona Chemical is the world’s largest producer of oleochemicals and specialty resins based on crude tall oil, a by-product of wood pulping. Its primary competitors include Eastman Chemical, Forchem Oy (Rauma, Finland), Georgia-Pacific, and...

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