Anglo-Dutch multinational Unilever is selling its four chemicals businesses to ICI, the UK's largest chemicals company, for £4.9 billion (US$7.9 billion). The companies to be sold are National Starch, which makes industrial adhesives and starches, Quest, a manufacturer of food flavours and fragrances, Unichema, which turns natural fats into chemicals and Crosfield, which specializes in detergent ingredients.
May 31, 1997