ICL to divest its alumina compounds and paper chemicals business unit
Published: Tuesday, 28 October 2014
The sale of its paper chemicals and water treatment (APW) business to Japanese water treatment company Kurita Water Industries will allow Israel-based speciality chemicals producer to cut costs and focus on its core businesses in the agriculture, food and engineered materials markets.
Israel Chemicals Ltd (ICL) announced it is to
sell its paper chemical and water treatment (APW) business unit
to Japanese water treatment company,
Kurita Water Industries.
The Japanese company, which entered an asset purchase
agreement with ICL, will pay approximately €250m
($317.5m*) for ICL’s Performance
Products’ alumina compounds technologies,