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TotalFinaElf sells its Fluorinated Telomers Business to DuPont.
Atofina, the chemicals branch of Franco-BelgianTotalFinaElf group, said it had concluded an agreement in principle with DuPont for the sale of its Fluorinated Telomers business. This activity entails the production and sale of specialty fluoro-chemicals marketed under the trade names Foraperle and Forafac. These products are used to manufacture oil, grease and water repellents, as well as high performance surface protection solutions. Production is based at a plant within the Villers-St-Paul facilities in France. The move is in line with Atofina's ongoing strategy to refocus its portfolio of chemical activities. No financial terms were available.
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25/05/2012 17:35
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