ICI's quest for realignment

Sinclair, Neil; Gibson, Jane
November 2006
ICIS Chemical Business;11/27/2006, Vol. 1 Issue 45, p4
Trade Publication
This article reports that ICI has sold its Quest flavours and fragrances unit to Givaudan. About £230 million will be used to cut ICI's post-retirement benefit deficits, with £70 million going on deal-related tax and costs. Naarden, Netherlands-based Quest made a trading profit of £52 million in 2005 on sales of £560 million. It employs 3,400 people, with major activities in the U.S., Great Britain, Europe and Asia-Pacific.


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