CP Kelco Closes Sale of Carrageenan Production Site in Philippines to Marcel Trading Corporation

ATLANTA, May 11 (Korea Bizwire) — CP Kelco, a leading global producer of specialty hydrocolloid ingredients, today announced it has completed the sale of its carrageenan plant in Sibonga, Cebu, Philippines, to Marcel Trading Corporation, a carrageenan producer in the Philippines. In May 2017, CP Kelco made the decision to seek a strategic buyer for [...]