Rhodia sells remaining latex business to Hexion

Paris — Rhodia has announced a deal to sell its remaining latex business activities (latex dispersions & powders and organic foam control agents) to the US Hexion Specialty Chemicals Group. The divestment is expected to be completed by the end of this year once all the necessary legal authorisations have been obtained.

Rhodia sold its stake in the Latexia paper latex business to joint-venture partner Raisio in 2002. That business was subsequently sold to Ciba in March, 2004.

Rhodia’s remaining latex operations fall under its Coatis…

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