Albemarle completes sale antioxidant, ibuprofen, propofol business SI Group

Albemarle completes sale of antioxidant, ibuprofen, propofol business to SI Group

10:38 AM, 3rd September 2014
Albemarle completes sale of antioxidant, ibuprofen, propofol business to SI Group

BATON ROUGE, US: Albemarle Corporation announced the successful completion of the previously announced sale of its antioxidant, ibuprofen and propofol businesses and related assets to SI Group, Inc. The transaction includes manufacturing sites in Orangeburg, South Carolina and Jinshan, China. Certain applications and technical support capabilities located in Shanghai, China and Baton Rouge, Louisiana were also included in the transaction. Financial terms of the transaction were not disclosed.

Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services. The Company is committed to global sustainability and is advancing its eco-practices and solutions in its two global business units: performance chemicals and catalyst solutions.


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