Syensqo has completed the divestment of its Oil & Gas business to SNF Group for €135 million (~$158.07 million).
The unit, generating around €400 million in 2024 sales and employing 600 people, represented 6 per cent of total revenue.
CEO Mike Radossich said the move supports Syensqo’s pure-play specialty strategy.
The divestment allows Syensqo to reinvest in its core businesses.