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Corn Products Acquires National Starch from Akzonobel

8:18 AM MDT | June 25, 2010 | NATASHA ALPEROWICZ

AkzoNobel says it has agreed to sell its National Starch (Bridgewater, NJ) business to Corn Products International (Westchester, IL) for $1.3 billion in cash. The buyer will also assume certain pension and employee benefit liabilities. The transaction has been approved by the boards of AkzoNobel and Corn Products, and it is expected to close at the end of the third quarter. AkzoNobel bought National Starch as part of its acquisition of ICI in early 2008. AkzoNobel subsequently sold National Starch’s adhesives and electronic materials business to Henkel and...

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