Liberation Chem-Toll to acquire Schirm USA from Schirm for $60m.

Liberation Chem-Toll, a limited liability company, agreed to acquire Schirm USA, a chemical toll manufacturer, from Schirm, a chemicals company, for $60m. “The disposal of the Managed Businesses is part of our ongoing work to simplify and strengthen AECI’s portfolio, allowing us to concentrate efforts on the sectors where we have strong market positions and exciting opportunities for international expansion. We committed to using proceeds from the sale of our non-core business to reduce debt and reinvest into our core business. With the reduction in our Group debt, following the divestment of Much Asphalt and taking into account our current business performance, we are comfortable with our debt levels and have begun exploring inorganic growth opportunities for our business,” Holger Riemensperger, AECI CEO.