PE firm TorQuest to sell chemicals maker Pinova for $417 million

Mon Sep 21, 2015 7:34am EDT
 
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(Reuters) - Canadian private equity firm TorQuest Partners said it would sell specialty chemicals maker Pinova Holdings Inc to German fragrances and flavors maker Symrise AG for $417 million.

The deal will give Symrise access to Pinova Holdings' three manufacturing facilities in the southeastern United States, TorQuest said in a statement on Monday.

(Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Anil D'Silva)