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Deal with Pinova includes two facilities in Southeast U.S.
December 23, 2010
By: TOM BRANNA
Editor
LyondellBasell has sold its flavors and fragrance unit to Pinova Holdings, Inc. of Brunswick, GA. LyondellBasell Flavors & Fragrances, LLC, which has manufacturing facilities in Jacksonville, FL and Brunswick, GA, produces terpene-based fragrance ingredients and flavor ingredients for the oral-care products as well as for the confectionery and beverage markets. The newly acquired business will operate as Renessenz LLC. LyondellBasell said the transaction results in after-tax procee...
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