TITLE

Snia snaps up Undesa

AUTHOR(S)
Bains, Elizabeth
PUB. DATE
April 2007
SOURCE
ICIS Chemical Business;4/23/2007, Vol. 2 Issue 63, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Italy's SNIA to buy oleo-chemical group Undesa for € 24.5m ($33m). Undesa's two firms, Union Derivan and Undesa Italia, are both included in the sale, which will be partly financed through an €11m, mid-term loan. SNIA's subsidiary, Caffaro Chimica will acquire Undesa Italia. Union Derivan produces stearates, esters, estarquats and stabilisers while Undesa Italia makes glycerine and fatty acids.
ACCESSION #
24983096

 

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