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Private equity firm buys FiberVisions.(UNITED STATES/AMERICAS)(Snow Phipps Group )(Brief article)

Chemical Week

| December 22, 2008 | COPYRIGHT 2003 Chemical Week Associates. (Hide copyright information)Copyright

Ashland has sold its 33.5% stake in FiberVisions to private equity firm Snow Phipps Group (New York), Ashland's partner in the joint venture. The transaction was worth $7 million. Ashland says it will record a capital loss for tax …

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