Celanese sells omega-3 DHA business to Lonza
The sale of DHA is in line with Celanese's overall strategy to focus on its core businesses as well as with Nutrinova's policy to focus on its core sweetener and food protection businesses.
20/12/05 Celanese Corporation has announced that it has sold the omega-3 DHA business of its performance products segment Nutrinova to Lonza Ltd., Switzerland. Financial details of the deal were not disclosed.
The sale of DHA is in line with Celanese's overall strategy to focus on its core businesses as well as with Nutrinova's policy to focus on its core sweetener and food protection businesses.
DHA is derived entirely from micro-algae based natural sources. It is widely regarded as the most important omega-3 polyunsaturated fatty acid. There is a broad variety of applications for DHA such as dietary supplements, functional foods and specialty nutrition products.
Celanese Corporation is an integrated global producer of value-added industrial chemicals based in Dallas, Texas. The Company has four major businesses Chemical Products, Technical Polymers Ticona, Acetate Products and Performance Products with production plants in North America, Europe and Asia. In 2004, Celanese Corporation and its predecessor had combined net sales of $5.1 billion. The presentation of combined net sales of Celanese Corporation with its predecessor is not in accordance with U.S. GAAP.
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