CCMP Capital Advisors LLC is buying Solvay's (Euronext SOLB) environmental services business unit in an $890 million transaction.

The eco services business, headquartered in Cranbury, New Jersey, recycles and supplies sulfuric acid to the oil refining industry. The group also manufactures acid proteins for industrial applications, including mining, water treatment and other chemical processes.  The deal is expected to close in the fourth quarter.

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