Chemical manufacturer Arkema has sold its specialty amines business in Riverview, Mich. to Ghent, Belgium-headquartered Taminco. The companies did not disclose terms of the transaction.
Jim Bell, Arkema director of communications, told Lube Report the companies signed the sale contract on Monday, and the acquisition became effective yesterday. Eighty-eight employees at Riverview, and six in Philadelphia and King of Prussia, Pennsylvania, are affected by the sale, Bell said. All have been offered positions with Taminco.