Rhodia buys Chinese chemicals firm
This article was originally published in The Rose Sheet
Executive Summary
French specialty chemicals firm announces acquisition of Feixiang Chemicals of China for $489 mil. Feixiang - one of the leading producers of fatty amines and specialty amines - will help Rhodia strengthen its position in the specialty surfactant business for personal care, firm says. After deal's closing - expected in the second half of 2010 - Rhodia will generate one-third of its net sales in Asia, and Rhodia plans to double the size of Feixiang's business in the next five years