DSM chemicals sells fertilizers, melamine businesses to Orascom for $418 million
By APTuesday, March 30, 2010
DSM sells fertilizer arm for $418 million
AMSTERDAM — Royal DSM NV, the Dutch chemicals company, says it will sell its fertilizer and melamine businesses to Egypt’s Orascom Construction Industries for €310 million ($418 million).
The fertilizer business makes high-nitrogen fertilizers for agricultural crops. Melamine is used in laminates used on furniture and flooring.
DSM said the disposal is part of its strategy of focusing on health-related products like nutritional supplements.
OCI said it was seeking to grow operations.
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