International Chemical Company – Portfolio
Various Locations in US, Mexico and Switzerland
The International Chemical Company had nine former manufacturing facilities with ongoing environmental liabilities. RESIGHT was provided with several assets and a subsidiary holding of some assets. After RESIGHT developed individual remediation plans for each site it was decided that the value of liabilities exceeded the value of properties. This resulted in an agreement, created by RESIGHT, where the seller (International Chemical Company) partially funded the necessary remediation on the sites and RESIGHT was responsible for selling the assets to address the remaining remedial funding requirements. Several sites were sold to future buyers and others which had no residual value were donated to municipalities for public use. Remediation was completed in 2013 and the last property was sold in 2014.