Article: Degussa sheds vitamin B3 unit to Reilly Industries.(News)

DEGUSSA AG has agreed to sell its vitamin B3 business to its long-standing partner, Indianapolis, Ind.-based Reilly Industries Inc., in a two-stage transaction. Financial terms of the arrangement have not been disclosed, but the deal is a key component of Reilly's growth strategy.

Until the deal gains governmental approval, Degussa Antwerpen NV, a wholly owned subsidiary of Degussa, will toll manufacture all vitamin B3 products currently made at its Antwerp, Belgium, site exclusively for Reilly in exchange for a fee. Upon closing of the second part of the deal, which could take up to six months, Reilly will own the assets outright, although Degussa will continue ...

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