Tessenderlo Group sells its UK Profiles activities
(Thomson Reuters ONE) -
Tessenderlo Group (NYSE Euronext: TESB) announced today that it has sold its UK
Profiles activities (trading under the Eurocell name) to H2 Equity Partners, a
private investment firm. The sale comprises three production sites, a
warehousing site, and 124 sales branches, employing 978 employees.
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. It also marks the group's exit from
profiles activities, following previous divestments in the US, Canada and
continental Europe.
The divested activities comprise two main areas. Firstly, Eurocell is a leading
UK supplier of PVC building materials, such as window and door profiles sold to
fabricators, and features a major PVC recycling facility. In addition, Eurocell
is a leading specialist distributor of roofline and other building products with
124 sales branches covering the United Kingdom. Its revenue amounted to 140
million pounds (GBP) in 2012.
Tessenderlo Group is a worldwide specialty company, focused on food,
agriculture, water management and on valorizing bio-residuals. The group employs
about 6,200 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
H2 Equity Partners is an independent private equity firm founded in 1991, active
in the Benelux, Germany and the United Kingdom. H2 has built an exceptional
record of acquiring and growing fundamentally attractive businesses that have a
combination of operational, financial or strategic improvement opportunities at
the time of investment. H2 currently manages a portfolio of 18 companies
generating over ? 2.5 billion in sales. Funds under management amount to ca. ?
500 million. For further information please visit: www.H2EP.com
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'
Hier kan je het volledige bericht in het Nederlands lezen:
http://hugin.info/133974/R/1728749/577398.pdf
Pour lire le communiqué de presse complet en Français, cliquez ici:
http://hugin.info/133974/R/1728749/577399.pdf
To read the full press release in English, click here:
http://hugin.info/133974/R/1728749/577397.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#1728749]
Unternehmensinformation / Kurzprofil:
Datum: 12.09.2013 - 08:45 Uhr
Sprache: Deutsch
News-ID 295887
Anzahl Zeichen: 3560
contact information:
Town:
Brussels
Kategorie:
Business News
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