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In Brief: ICI Quest purchase

This article was originally published in The Rose Sheet

Executive Summary

ICI Quest purchase: Completed as part of Imperial Chemical Industries' purchase of Unilever's $4.7 bil. specialty chemical division, Unilever announced July 8. In addition to the $1.13 bil. fragrance and flavors supplier, the division includes adhesives, resins and starch manufacturer National Starch and Chemical, the oleochemicals and nickel catalysts business Unichema and the inorganic chemicals producer Crosfeld. Under the agreement announced May 7, ICI acquired the chemicals business for $8 bil. in cash on a debt-free basis ("The Rose Sheet" May 12, p. 6)...



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