Cognis seeks investment partner for textile spin-off
03/09/2007
Cognis has engaged merger and acquisition specialists Lincoln International to carry out a review of its process chemicals business unit.
This part of the business, which produces textiles, split off from Cognis on July 1 and began trading as a separate company under the name Pulcra Chemicals. The parent company said at the time that it wanted to concentrate on care chemicals, nutrition and health, and functional products as its core business areas.
The main task of Lincoln International, an investment bank, will be to find a suitable investor or partner for Pulcra to help it to develop.
This part of the business, which produces textiles, split off from Cognis on July 1 and began trading as a separate company under the name Pulcra Chemicals. The parent company said at the time that it wanted to concentrate on care chemicals, nutrition and health, and functional products as its core business areas.
The main task of Lincoln International, an investment bank, will be to find a suitable investor or partner for Pulcra to help it to develop.
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