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Inspec is selling its Antwerp-based commodity chemicals business, which makes ethylene oxide and glycol, to management for £82m, and is likely to use the proceeds to make acquisitions in speciality chemicals.

Inspec is acquiring Shell's Fine Chemicals business for £200m, with the help of a £101m rights issue.

Inspec has acquired a polyimide fibres operation from Lenzing of Austria for £5.7m.

Inspec has acquired a speciality chemical company in the US with plants in Arizona and Kansas, for $29m from Allied Signal.