Italy: Organic Peroxides Production Solvay Announces Divestment from Italian Chloro-Alkali Activities
Solvay has agreed to divest its chlorine and peroxide derivatives site in Italy. The planned divestment of the site of Bussi sul Tirino follows Solvay’s exit from its Western European chloro-alkali activities.
Brussels/Belgium – Despite the divestment, Solvay will continue to market its Eureco organic peroxides, produced on the site, through an exclusive distribution agreement. Caffaro as a producer of basic and fine chemicals aims to further develop the site, which is mainly dedicated to chlorine and its derivatives. Through its industrial project, the Italian company will ensure the future of the plant by proceeding on a series of investments at Bussi site, as well as creating synergies with its current portfolio of activities.
Under the agreement, Caffaro will take over Solvay’s production of Eureco and further develop the product’s technology supported by the teams on-site. Solvay’s Peroxides Global Business Unit will continue to market and develop the product as its exclusive distributor in all countries except Italy.