Epoxy sale
5 Apr 2005
Staines, UK-based specialty chemicals company Elementis has agreed to sell its Hardman epoxy and urethane products business headquartered in
Royal is a manufacturer and marketer of specialty adhesives and sealants for use primarily in industrial and commercial applications throughout the
Hardman, which has previously been managed as part of the Elementis Specialties business, is a manufacturer and marketer of epoxy and urethane products into the adhesive and sealants industry worldwide, has a strong presence in
Proceeds from the sale will be used to reduce debt.
In the year ending
Geoff Gaywood, Chief Executive Officer of Elementis, commented: "This transaction is consistent with our commitment to divest non-core chemical assets at values that reflect the best interests of our shareholders."
