Nuplex sells Australasian pulp and paper chemicals business for A$21 mln

Wed, 20 Apr 2016

By Paul McBeth April 21 (BusinessDesk) - Nuplex Industries, whose shareholders will vote on whether to accept a $1.05 billion takeover offer later this year, has sold its Australasian pulp and paper chemicals business for A$21 million. The Australian unit of Delaware-based Solenis has agreed to buy the Nuplex assets, and the deal is expected to settle on June 30, Nuplex said in a statement. The specialty chemicals maker has been quitting non-core assets as part of a plan to put greater focus on its global operations, and the sale won't h...

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