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Article: Corn Products International Enters Into Definitive Agreement to Acquire Food Business of SPI Polyols and Remaining 50 Percent of Getec Brazilian Joint Venture; Closes DEMSA Transaction.
- Article from:
- PR Newswire
- Article date:
- January 11, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association 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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Accretive SPI Acquisition Strengthens Sweeteners Platform, Highlights Strategy to Expand Value-Added Ingredients Portfolio in Growth Markets
WESTCHESTER, Ill., Jan. 11 /PRNewswire-FirstCall/ -- Corn Products International, Inc. announced today that it has entered into a definitive agreement with SPI Polyols, Inc., a subsidiary of ABF North America Holdings, Inc., to acquire the food business of SPI Polyols and the shares of an SPI unit that holds the remaining 50 percent of Getec Guanabara Quimica Industrial S.A., or Getec, in Brazil. Financial terms were not disclosed. The combined businesses are expected to have annual sales of nearly $100 million. The ...