Assets Held for Sale

6 Months Ended

Jun. 30, 2012

16.

Assets Held for Sale

The Company is exploring strategic options for its chemical business in Brazil. The business, which has annual revenues of approximately $40 million, markets sodium bicarbonate, dairy products and other chemicals in Brazil. In December 2011, the net assets associated with a portion of this business were classified as “held for sale” for financial statement purposes. As of June 30, 2012, the Company has approximately $8.0 million of net property, plant and equipment and approximately $3.4 million of inventories and supply parts at its Brazil facility recorded in other current assets as assets held for sale.

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

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