Albemarle sells French facility to International Chemical Investors Group

05-Jan-09
Specialty chemical maker Albemarle Corporation and International Chemical Investors Group (ICIG) announced that Albemarle Chemicals SAS, a wholly owned affiliate of Albemarle Corporation, has completed the sale of its facility in Port de Bouc, France to Azur Chimie SAS, a wholly owned affiliate of ICIG, effective December 31, 2008. Albemarle has transferred to Azur Chimie all equipment, buildings, land and certain other assets at the Port de Bouc, France plant. Azur Chimie will toll manufacture certain products for Albemarle. As a result of the sale, Albemarle expects to incur a pre-tax charge of approximately US$25 to US$30 mln in Q4 - 2008.
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