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Arizona Chemical sells stake in Arboris LLC sterols plant

January 11, 2012
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SAVANNAH, Ga. — Arizona Chemical Co. has sold its stake in Arboris LLC’s sterols plant, which is located adjacent to its tall oil bio-refinery and technology center in Savannah, Ga., reported.

Arboris and Arizona Chemical entered into a joint venture in 2001. Arboris owned the emerging technology to manufacture phytosterals — a pine tree extract used in cholesterol-reducing drugs — while Arizona Chemical produced the raw materials needed for the process, the article stated.

“Arboris has experienced global growth in recent years, and they approached us about selling our share in the business,” said Gary Reed, vice president for operations for Arizona Chemical.
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