Old World Industries sells chemical businesses

Lucy Terry - 9 February 2012

On February 7, 2012, BlueDEF manufacturer Old World Industries announced it will sell its chemical businesses to Indorama Ventures of Bangkok, Thailand. The deal includes a manufacturing facility in Clear Lake, TX.

BlueDEF will continue to be a part of Old World with no reported change in personnel or structure. Old World is investing heavily in Diesel Exhaust Fluid (DEF) infrastructure and this announcement may signal an increased focus on the DEF industry.

Tom Hurvis, Chief Executive Officer of Old World, said the decision "will allow Old World to focus all of its time and resources on expanding the PEAK family of products," which includes BlueDEF.

As part of the purchase agreement Old World will enter into a long-term glycol supply contract with Indorama for its antifreeze production in the U.S.

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