Solvay sells sulphuric acid supplying Eco Services segment to CCMP Capital Advisors

By James Sean Dickson
Published: Thursday, 04 December 2014

The Belgian chemicals company has spun off the sulphuric acid refining and producing segment as part of a strategic drive to increase returns on its assets. CCMP will take over a successful unit, which supplies to some of the largest refineries in the US.

New York, US-headquartered CCMP Capital Advisors LLC has acquired the sulphuric acid producing Eco Services business unit of Brussels, Belgium-based Solvay SA.

CCMP said that the New Jersey, US-headquartered Eco Services unit, which had 2013 revenues of €288m ($357.1m*) will continue to manufacture fresh, high purity sulphuric acid products for...

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