Denham Capital Takes Majority Stake in CariSal

Investment firm Denham Capital (Boston) says it will gain majority ownership of calcium chloride (CaCl2) and caustic soda producer CariSal (Port of Spain, Trinidad) through an equity investment of up to $50 million. The investment is critical to the completion of CariSal’s CaCl2 and caustic soda production facility set to come online at Point Lisas, Trinidad by early 2010, the companies say. The facility will nominally produce 100,000 m.t./year of caustic soda, 70,000 m.t./year of pure pellet CaCl2, and 78,000 m.t./year of pure flake CaCl2, CariSal says...

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