Garrigues advises PeroxyChem on sale of Spanish business
Garrigues advised US-based chemical manufacturer PeroxyChem LLC on the sale of its Spanish business, PeroxyChem Spain, to the UK company IQE.
The deal was valued at €18 million, according to Mergermarket data.
La Zaida-based PeroxyChem Spain produces hydrogen peroxide, liquid silicates and peracetic acid mainly for the Iberian peninsula and Mediterranean rim countries.
PeroxyChem LLC’s annual revenues are approximately $340 million.