Oxiteno Buys Arch's Venezuelan Urethanes Business

摘要

Arch Chemicals says it has sold its performance urethanes and organ-ics subsidiary Arch Quimica Andina (Santa Rita,Venezuela) to Oxiteno (Sao Paulo),a subsidiary of Grupo Ultra (Sao Paulo).Arch expects net proceeds from the deal to be 14 million.The company says it will record a non-cash,pre-tax loss of approximately 14 million related to the divestment.