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Article: International Paper to Sell Arizona Chemical.
- Article from:
- Chemweek's Business Daily
- Article date:
- December 19, 2006
CopyrightCOPYRIGHT 2006 Access Intelligence, LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 receive a minority interest of approximately 10% in the acquisition vehicle to be formed by Rhone Capital. The deal is expected to close in the first quarter of 2007, 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 ...
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Article: Alcoa Inc.(Company News; sells Alcoa Specialty Chemicals to ...
Adhesives & Sealants Industry;
June 1, 2004 ;
509 words
... ... Limited (40%) and Alcoa (60%), has completed the sale of Alcoa Specialty Chemicals to two private equity firms led by Rhone Capital LLC for approximately $342 million, which includes the assumption of debt and other unfunded obligations. This sale is ...
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