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August 11, 2005
By: KERRY PIANOFORTE
Avecia has signed an agreement to sell its specialty additives business to The Lubrizol Corp. for an undisclosed sum. Avecia’s additives business has annual sales of approximately b30 million. A manufacturing facility at Huddersfield, UK is included in the sale. Other manufacturing facilities at Grangemouth, Scotland will continue to be operated by Avecia under a long-term supply agreement. Approximately 110 employees will transfer to Lubrizol upon completion of the sale, including commercial staff in Europe, Asia and North America
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