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$489 million deal for Chinese amines and surfactants producer.
June 16, 2010
By: TOM BRANNA
Editor
Rhodia has announced plans to acquire Feixiang Chemicals (ZJG), a leading Chinese producer of amines and sufactants, in a deal valued at $489 million. According to Rhodia, the acquisition represents a unique opportunity for it to integrate specialty amine technologies into the Novecare business portfolio. Headquartered in Zhangjiagang near Shanghai, Feixiang Chemicals employsapproximately 650 people. The company has demonstrated its ability to drive significant top line growth (average...
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