Akzo Nobel has agreed to sell its polymerization catalysts & components business in the US (with a turnover of almost US$60 million in 2005) to Basell Polyolefins, the world's largest producer of polypropylene and advanced polyolefin products. The deal includes the catalyst manufacturing business and other assets located at the company's site in Edison, New Jersey along with all 79 employees.
This agreement is the third chemicals business divestment announced by Akzo Nobel in 2006 and follows the deals to sell its Electro Magnetic Compatibility business in Japan and the company's 65% majority interest in its Malaysian oleochemicals joint venture. The remaining divestments are expected to be completed by the middle of the year.
20-Feb-06 
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