Nuplex to sell two of its businesses to CHAMP Private Equity-backed Axieo

According to a news release, Nuplex has agreed to sell its agency & distribution business Nuplex Specialties and its plastic additives business Nuplex Masterbatch to Axieo Pty Limited, a company created by CHAMP Private Equity. The value of the acquisition is A$127.5 million. Greenhill Australia and Allens Linklaters advised Nuplex in the transaction. Based in Australia and New Zealand, Nuplex is a specialty chemicals maker. To read the announcement, visit here.