CSM Sells its US Gluconic Acid Business
The selling price excluding inventories amounts to approx. USD 2.5 million. The transaction does not comprise the transfer of the 19 employees nor the transfer of the factory of PURAC America in Janesville, Wisconsin.
02/07/07 CSM has sold the customer base for its small-scale gluconic acid business (gluconic acid, sodium gluconate, and glucona delta lactone) of its subsidiary PURAC America in the USA to Fuso Chemical. The transaction is effective per June 29, 2007.
Sales in 2006 amounted to approximately USD 5.7 million. The selling price excluding inventories amounts to approx. USD 2.5 million. The transaction does not comprise the transfer of the 19 employees nor the transfer of the factory of PURAC America in Janesville, Wisconsin. The Janesville factory will be closed down in the short term.
Fuso is a company based in Japan, the USA and China and a leading producer of malic acid, citric acid, gluconic acid, and sodium gluconate.
