INEOS ChlorVinyls Announces Sale of its Packed Chlorine Business to BOC
Write:
Sherlock [2011-05-20]
27 Mar 2008 - INEOS ChlorVinyls has announced it has reached an agreement to sell its Packed Chlorine business to BOC (recently acquired by The Linde Group). The value of the deal is not disclosed.
The sale consists of the Packed Chlorine production facilities at Runcorn Site together with the associated commercial goodwill of the business. The Packed Chlorine business is specialised and consists of the production, packaging and delivery of chlorine liquefied gas in both drums and cylinders, which is predominantly used for water disinfection and chemical intermediate applications.
It is expected that the sale will be completed once necessary approvals from the Office of Fair Trading have been obtained.