Posted in | News | Business | Chemistry

Nalco to Sell NALFLEET Marine Chemicals Unit to Norway's Wilhelmsen Ships Service

Editorial Checklist Reviewed
Jan 7 2011

Related Stories

Nalco (NYSE: NLC), providing essential expertise for water, energy and air, announced today it reached a definitive agreement to sell its NALFLEET marine chemicals unit to Norway's Wilhelmsen Ships Service for $41 million.

"The marine chemicals business is not a core part of our industrial water and process treatment businesses," said Nalco Chairman and Chief Executive Officer J. Erik Fyrwald. "NALFLEET, as a part of Wilhelmsen Ships Service, joins the world's largest maritime services network and will have greater access to global shipping customers and market growth opportunities. At the same time this sale allows Nalco to sharpen our focus on markets in which we have clear leadership positions with the best opportunities for success."

Nalco will be transferring certain assets relating to NALFLEET to Wilhelmsen Ships Service, but supply chain-related assets are not included. The transaction is expected to close during the first quarter.

Source:

http://www.nalco.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Sponsored Content

Editorial Highlights

The Current State of the Global Semiconductor Market

The Current State of the Global Semiconductor Market

The global semiconductor market has entered an exciting period. Demand for chip technology is both driving the industry as well as hindering it, with current chip shortages predicted to last for some time. Current trends will likely shape the future of the industry, which is set to continue to show

How are Graphene Batteries Made?

How are Graphene Batteries Made?

The primary distinction between graphene-based batteries and solid-state batteries lies in the composition of either electrode. Although the cathode is commonly changed, carbon allotropes can also be employed in fabricating anodes.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback