date:May 08, 2012
be lost.
CSM expects to have made progress with its divestments by early 2013.
It will hold a general meeting of shareholders on 3 July to agree on the proposed divestments.
Purac: new applications for lactic acid
The two businesses avoiding the chop, Purac and Caravan Ingredients, had combined 2011 sales of 704m and EBITDA of 123.5m.
Purac is a biotechnology company specialising in lactic acid and its derivatives, The company has plants in North America, South America and Asia.
CSM