CSM acquires full ownership of lactid acid plant in Blair (US)
20 July 2010. Back
to overview
CSM has acquired the remaining 50% of the shares of the lactic
acid production facility in Blair, Nebraska (US) from its joint
venture partner Cargill. This production facility has been a joint
venture between CSM's subsidiary Purac and Cargill since 1997. As
the total output of the lactic
acid plant was already fully dedicated to Purac, the transaction
will not impact Purac's market position. The transaction will have
a slightly positive effect on EBITA.