HOECHST CELANESE TO BUY CARBIDE DETERGENT LINE

HOECHST CELANESE TO BUY CARBIDE DETERGENT LINE

Union Carbide Corp. said it was selling a line of detergent products to Hoechst Celanese Corp., but will continue to manufacture them for Hoechst under a multi-year agreement.

Union Carbide's industrial chemicals division will sell its primary alcohol ethoxylates business, the largest part of its surfactants production, said a company spokesman.The price was not disclosed. The spokesman said the sale would result in a gain of 13 cents a share to its common stockholders, who hold 142 million shares.

Primary alcohol ethoxylates are surfactants widely used in laundry detergents, household cleaners and industrial-strength products.

In a written statement, W.E. Shackelford, industrial chemicals division vice president, said the sale will "allow us to direct our full attention to specialty surfactants and nonylphenol ethoxylates, consistent with our strategic plan."

Hoechst Celanese's acquisition of Union Carbide's primary alcohol ethoxylates business will include inventories and, under licensing agreements, associated technology. No manufacturing facilities, real estate or personnel are included in the transaction.

The chemicals are manufactured at Union Carbide's Texas City, Texas, petrochemicals complex.