Emerald Performance Materials, LLC
has reached an agreement to sell its Emerald Specialties and Polymer Additives and Nitriles business groups to DyStar LP
. The sale involves five of the company’s nine plants, specifically the dedicated plants in Charlotte, NC, Cincinnati, OH, Cheyenne, WY, Henry, IL, and a portion of a shared site in Akron, OH. Terms of the transaction were not disclosed.
The sale is expected to close in the third quarter of 2016, subject to standard regulatory approvals.