Tessenderlo Group completes sale of its Compounds activities
19 Juin 2013 - 7:01AM
Tessenderlo
Group (NYSE Euronext: TESB) announced today that it has completed
the sale of its Compounds activities to Mitsubishi Chemical
Corporation, a global industrial company already present in the
compounds industry. The sale comprises four production sites in
France, Poland and China and one R&D site in Belgium, employing
360 employees.
On February 27 2013, the group
announced its intention to divest its Compounds business unit.
Information and consultation procedures were subsequently
successfully completed and merger control approval has been
given.
This divestment is in line with
Tessenderlo Group's strengthened focus on specialty products and
services in the areas of food, agriculture, water management and
valorizing bio-residuals.
The divested activities produce
thermoplastic elastomers (TPE) and PVCs Compounds that are
specially formulated for applications in the building, automotive,
cabling and many other areas. Its revenue amounted to 124 million
EUR in 2012.
Tessenderlo
Group is a worldwide specialty
company, focused on food, agriculture, water management and on
valorizing bio-residuals. The group employs about 7,000 people and
is a leader in most of its markets, with a consolidated revenue of
2.1 billion EUR in 2012. Tessenderlo Chemie NV is listed on
NYSE Eurolist by Euronext Brussels and is part of Next 150 and BEL
Mid indices. Financial News wires: Bloomberg: TESB BB - Reuters:
TesBt.BR - Datastream: B:Tes
Mitsubishi Chemical Corporation is Japan's leading
chemical company with chemistry-based technology platforms for the
development of a wide range of technologies and products in the
fields of performance products, healthcare, and industrial
materials. The Group employs more than 27,000 employees and posted
net sales of about 2.0 trillion JPY in fiscal year ended March
2013. Mitsubishi Chemical Corporation is one of four core operating
companies of the Mitsubishi Chemical Holdings (MCHC) Group. The
Group employs more than 55,000 people, with a consolidated revenue
of about 3.1 trillion JPY, and is listed on TSE.
| Media Relations |
Investor Relations |
| Kathleen IWENS |
Philip LUDWIG |
| +32 (0) 478 664 555 |
+32 2 639 16 58 |
This press release is available in Dutch, French and English at
www.tessenderlogroup.com - 'News & Media'
To read the full press release in
English, click here
Pour lire le communiqué de presse complet en Français, cliquez
ici
Hier kan je het volledige bericht in het Nederlands lezen
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Source: Tessenderlo Group via Thomson Reuters ONE
HUG#1710350
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