Degussa Sells Fruit Systems BusinessDegussa Sells Fruit Systems Business

Degussa Sells Fruit Systems Business

DUESSELDORF, Germany

DegussaAG sold its Fruit Systems business to the private equity firm Speyside Equity,based in Delaware, for an undisclosed amount. The new business will operateunder the name Sweet Ovations LLC, and will keep its current management andemployee base, with headquarters moved to its current Philadelphia productionsite. The business was sold independently of Degussas planned divestiture ofthe Food Ingredients business unit.