Chemours To Sell Sulfur Products To Veolia - Quick Facts

(RTTNews) - The Chemours Company (CC) announced a definitive agreement to sell the assets which comprise its Sulfur Products business, part of its Chemical Solutions segment, to Veolia North America for $325 million. Sulfur Products is a leading provider of sulfuric acid products and services to a range of industries in North America.

The company said the announced sale marks the completion of its Chemical Solutions portfolio review, a key milestone in five-point transformation plan.

Mark Vergnano, Chemours CEO, said: "In less than one year, we sold our aniline facility in Beaumont, Texas; began cost improvement efforts in our Methylamines business in Belle, W.Va.; began shutdown of our Reactive Metals Business in Niagara Falls, N.Y.; and announced the sale of our Clean and Disinfect and Sulfur businesses. The total gross proceeds from the three divestitures will be approximately $700 million, providing strategic flexibility as Chemours completes its transformation plan."