Akzo Nobel Sells Starch Business to American Corn Products

June 21, 2010
National Starch has 11 factories in eight countries.

Dutch-Swedish chemicals group Akzo Nobel announced the sale on June 21 of its National Starch business to American Corn Products for $1.3 billion (1.0 billion euros), saying it did not fit with its special chemicals and coatings activities.

The deal would be completed by the end of the third quarter of the year, it said.

National Starch had sales of 1.2 billion euros last year, employs 2,250 people, and has 11 factories in eight countries.

It was acquired by Akzo Nobel as part of British group ICI which the Dutch company bought in January 2008.

Akzo Nobel chief executive Hans Wijers said that the sale was part of his company's strategy of concentrating on advanced chemicals and industrial coatings.

Corn Products International is based at Westchester in Illinois.

Copyright Agence France-Presse, 2010

Popular Sponsored Recommendations

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

3D Printing a More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!