PPG divested its Pharmaceutical Intermediates Business to Italian Company ZaCH System S.p.A., the fine chemicals subsidiary of Zambon Company S.p.A., Milan for approximately $65m. PPG facilities included in the agreement were a fine chemicals plant in LaPorte, Texas, and the PPG-Sipsy facility in Avrillé, France. The fine chemicals plant in LaPorte operates separately from an adjacent phosgene derivatives facility, which is being retained by PPG. The fine chemicals business employs approximately 360 people.