Rhodia sells European industrial fibres business - sportstextiles: Lea SportsTextiles

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Rhodia sells European industrial fibres business

07/12/2006

Global specialty chemicals company Rhodia has signed an agreement to sell its European industrial fibres business to private equity company Butler Capital Partners. The business employs 1,200 people based in Germany, Latvia, Poland, Slovakia and Switzerland. The transaction is expected to be finalised in the coming weeks, following the necessary legal authorisation.

The divestiture of this business reduces the Rhodia’s consolidated net sales 2005 by €163 million.

Rhodia is active in the Performance Materials, Functional Chemicals and Organics and Services sectors. It generated sales of €5 billion in 2005 and employs around 19,500 people worldwide.


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