Press Release

Basel, 23 October 2018

Jungbunzlauer sells Sodium Diacetate and ESSICCUM® business to Niacet

For more than 30 years Jungbunzlauer has been producing and selling Sodium Diacetate and ESSICCUM®. In order to fully align the product portfolio to the strategic focus on materials produced by fermentation from renewable raw materials the business has been sold to Niacet Corp.

Niacet Corp. is the global leader in organic salts of acetic and propionic acids, serving the food, pharmaceutical, animal nutrition and technical market sectors. Niacet has a history of making acetates for more than 70 years and sees the market of acetates as a core strategy. The company currently services its customers through facilities in Tiel, the Netherlands and its corporate headquarters in Niagara Falls, NY, USA.

The Sodium Diacetate production by Jungbunzlauer will terminate immediately and the business will be transferred to Niacet. Once Niacet has installed an ESSICCUM® production line around mid-2019 this business will also be transferred from Jungbunzlauer to Niacet.