Elementis and Kolb Distribution Signed Agreement

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21 Dec 2017 22:46 Valerie Rose

CHEMMONITOR.COM – UK-based speciality chemicals producer Elementis plc and Swiss chemical company Kolb Distribution Ltd. have recently inked an agreement, according to which Elementis sells its Dutch surfactants business to Kolb Distribution for EUR 39 million. The surfactants business comprises a production plant located in Delden (the Netherlands) and 100% of shares in the Netherlands-based specialty chemicals company Elementis Specialties Netherlands B.V.

Elementis reached the decision to sell its surfactants business after a strategic review, according to which surfactants did not fit with the company’s reignite growth strategy owing to lack of scale and material capital requirements.

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