Tessenderlo Group completes sale of its Compounds activities
(Thomson Reuters ONE) -
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:
http://hugin.info/133974/R/1710350/567099.pdf
Pour lire le communiqué de presse complet en Français, cliquez ici:
http://hugin.info/133974/R/1710350/567101.pdf
Hier kan je het volledige bericht in het Nederlands lezen:
http://hugin.info/133974/R/1710350/567100.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Tessenderlo Group via Thomson Reuters ONE
[HUG#1710350]
Unternehmensinformation / Kurzprofil:
Datum: 19.06.2013 - 07:01 Uhr
Sprache: Deutsch
News-ID 271059
Anzahl Zeichen: 3617
contact information:
Town:
Brussels
Kategorie:
Business News
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