Rhodia agrees intends to sell its polyvinyl acetate business to Acetex Corporation
This sale is in accordance with Rhodia's strategy to divest non core activity businesses: Polyvinyl acetate (Food grade), a key raw material for chewing gum base, is not a core technology for the Rhodia Food which focuses its activities to ingredients (texturants, lactic cultures and phosphate salts) servicing Rhodia Food three core markets: dairy, prepared food and meat.
This divestment is consistent with Rhodia’s commitment to divest assets which can be valued, without destroying shareholder value, and which do not fit into Rhodia’s business model based on the cross-fertilization of technologies and high added-value solutions to its customers.
Rhodia, one of the world’s leading manufacturers of specialty chemicals
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