Monsanto Company has signed a non-binding letter of intent to sell its Enviro-Chem unit to the management of this subsidiary in a management buyout.Monsanto The Monsanto Company (NYSE: MON) is a multinational agricultural biotechnology corporation. It is the world's leading producer of the herbicide glyphosate, marketed as "Roundup". Company has signed a non-binding letter of intent to sell its Enviro-Chem unit to the management of this subsidiary in a management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. . Enviro-Chem provides engineering, procurement and construction  The introduction to this article is vague. To comply with Wikipedia's guidelines, it should be improved. management services for processing plants that use sulfuric acid sulfuric acid, chemical compound, H2SO4, colorless, odorless, extremely corrosive, oily liquid. It is sometimes called oil of vitriol.
Concentrated Sulfuric Acid. It also makes and sells proprietary equipment and air pollution control systems. "Enviro-Chem has been a strong player in its industry for many years," says Mark Leidy, Monsanto executive vice president, manufacturing. "However, this business is not a strategic fit with Monsanto's focus on agriculture and planned growth of our seeds and traits business." |
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