DGAP-News: Hansa Group AG: Hansa Group AG divests 'Chemicals Trading' business
(firmenpresse) - DGAP-News: Hansa Group AG / Key word(s): Disposal
Hansa Group AG: Hansa Group AG divests 'Chemicals Trading' business
01.10.2012 / 11:14
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Hansa Group AG continues to focus on its core operating business and
divests 'Chemicals Trading' business
- Focus remains on Care Chemicals for detergents, household products and
body care
- Optimization of both operating business and balance sheet
Genthin, October 1, 2012?Hansa Group AG, a leading and integrated
European supplier of Care Chemicals, is continuing to consistently enforce
the strategic focus on its core value chain the production of 'detergent,
household products and body care' products and divests its 'Chemicals
Trading' business. The closing of the transaction follows the objective to
emphasize the strategic focus on the Care Chemicals business and
consequently, the development, production and marketing of detergents,
household products and body care. The business is being divested to Gnann
GmbH&Co. KG, Düsseldorf, a subsidiary of Max Prestige General Trading
LLC, Dubai. The parties agreed to maintain confidentiality about the
details of the agreement. The transaction will take effect on October 1,
2012.
Thomas Pfisterer, speaker of the Hansa Group AG Management Board says: 'By
divesting our trading business, we are following our long-term strategy of
increasing our focus on the more profitable Care Chemicals value chain,
which we deliberately chose to strengthen in recent years with strategic
acquisitions of WIBARCO GmbH, parts of the Henkel plant in Genthin and the
Luhns GmbH. The synergy potential from the joint ownership of the Care
Chemicals business and the chemicals trading business is limited for Hansa
Group given the diverse nature of each of the segment's value chain and
lacking overlap of their respective target markets. Under the umbrella of a
global trader such as Max Prestige General Trading LLC, however, much
greater use can be made of the strengths of the broadly diversified
high-quality product portfolio and the excellent access to trading business
customers and suppliers.'
The proceeds from the sale and funds that are no longer tied up in the
trading business are also providing Hansa Group with additional finance to
strengthen its core business. In addition to expanding its product
portfolio and market presence, the Group plans to develop its Genthin site
into a high-performance chemical plant.
The global chemicals trading sector is currently going through a
consolidation period, at the end of which larger global traders are likely
to gain the upper hand. Hansa Group AG's main regional focus lies in Europe
and its medium- and long-term strategy is to expand the value chain of its
core activities in the Care Chemicals business and to continue expanding
this segment.
During the carve-out, Hansa Group will ensure that customers of chemicals
trading business will receive their orders with the customary quality,
speed and service. Clients will benefit from even more efficient business
processes and services that are specifically tailored to their requirements
once the trading business has been integrated in the new structure.
'By selling this business we will create even leaner and more efficient
operating structures within Hansa Group, which are expected to have
positive effect on our key financial ratios. With the expansion of the
product portfolio, we are planning to increase our market share in Europe
in the care chemicals market for detergents, household products and body
care and to further strengthen our market position,' comments Thomas
Pfisterer.
'The chemical trading business that we acquired from Hansa Group will
benefit from the integration into our global chemical trading business. Due
to its excellent product portfolio and its deep relationship with clients
and suppliers throughout the globe we will be an even more preferred
partner of our customers. The requirements of our customers are core to our
strategy. Due to a bigger critical mass within the new business structure,
our customers will benefit from an increased efficiency, even more focused
service, faster support, higher speed and increased competitiveness', says
Habib Khoshnevissan, president of Max Prestige General Trading LLC, Dubai.
End of Corporate News
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01.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Hansa Group AG
Fritz-Henkel-Str. 8
39307 Genthin
Germany
Phone: +49 (0)203-73804-109
Fax: +49 (0)203-73804-309
E-mail: silvia.kostova(at)hansagroup.de
Internet: www.hansagroup.de
ISIN: DE0007608606
WKN: 760860
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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187162 01.10.2012
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