SYDNEY, Nov 19 (Reuters) - Australian explosives maker Orica Ltd said on Wednesday it had agreed to sell its chemicals business to funds advised by U.S. private equity firm Blackstone Group LP for A$750 million ($653 million).
The sale includes the chemicals trading businesses in Australia, New Zealand and Latin America and the Australian Chloralkali manufacturing business. It also includes food and nutritition supplier Bronson & Jacobs.
Orica announced in August that it had decided to either sell or spin off its chemicals business, realising a long-held plan to become a pure-play mining business. (1 US dollar = 1.1471 Australian dollar) (Reporting By Jane Wardell; Editing by Kevin Liffey)