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Laporte, the speciality chemicals company, has accepted a £1.36bn takeover bid from Degussa-Huls of Germany, which is expected to lead to the loss of some of the 30 jobs at Laporte's head office.
Laporte is selling a number of non-core businesses to Kohlberg Kravis Roberts for £810m, including pigments, additives, water technology, timber and electronics.
Laporte is to sell its hygiene chemicals division to management for £31m, which means its disposals programme is nearly complete.
Laporte has sold its US mining chemicals business to Henkel of Germany for £10m, and more disposals are expected to follow as it aims to focus on life science and niche industrial products.
Laporte is to acquire Inspec, the speciality chemicals business, for about £611m, thereby creating a leading European supplier to the pharmaceutical, agrochemicals and life sciences sectors.
Laporte has sold its European adhesives operation to Elf of France for about £100m.
Laporte has disposed of more non-core businesses for a total £23m, including the process chemicals business Gramos, the cleanroon garments operation Countdown Clean Systems, the US pet litter business Waverly Minerals, and its 50% stake in Laporte (Malaysia).
Laporte is buying the Clover Bar plant in Canada, which makes advanced drug substances, and it is planning to invest £14m in its expansion.
Laporte has sold Vinings Industries of Atlanta to Chase Manhattan Capital Group for $33m.
Laporte has sold 3 plastics companies to NatWest Ventures for £27m.