2013-02-27 02:34:28 -
Tessenderlo Group (NYSE Euronext: TESB) announced today that it has received an
offer for its Compounds activities from Mitsubishi Chemical Corporation, a
global industrial company already present in the compounds industry. The
intended sale comprises four production sites in France, Poland and China and
one R&D site in Belgium.
The employee representatives of the companies making up the group's Compounds
business unit have been informed that the information and consultation
procedures will be launched. This transaction is subject to merger control
approval.
This divestment project is in line
with the group's strengthened focus on
specialty products and services in the areas of food, agriculture, water
management and valorizing bio-residuals.
Tessenderlo Group's Compounds business unit has nearly 50 years' experience and
extensive know-how in formulation and production of thermoplastics, making it
market leader in this sector. Its range of thermoplastic elastomers (TPE) and
PVCs has been specially formulated to provide original solutions for
applications in the building, automotive, cabling and many other areas. The
activities in scope of this project employ about 360 employees, and generated
revenue of 120 million EUR in 2011.
Tessenderlo Group is a worldwide specialty company, focused on food,
agriculture, water management and on valorizing bio-residuals. The group employs
about 7,500 people and is a leader in most of its markets, with a consolidated
revenue of 2.1 billion EUR in 2011. 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 2.1 trillion JPY in fiscal year ended March 2012. Mitsubishi
Chemical Corporation is one of four core operating companies of the Mitsubishi
Chemical Holdings (MCHC) Group. The Group employs more than 53,000 people, with
a consolidated revenue of about 3.2 trillion JPY, and is listed on TSE.
Media Relations Investor Relations
Kathleen IWENS Philip LUDWIG
Tel: +32 (0) 478 664 555 Tel: +32 2 639 16 58
This press release is available in Dutch, French and English at
www.tessenderlogroup.com - 'News & Media'
Pour lire le communiqué de presse complet en Français, cliquez ici:
hugin.info/133974/R/1681165/549476.pdf
To read the full press release in English, click here:
hugin.info/133974/R/1681165/549474.pdf
Hier kan je het volledige bericht in het Nederlands lezen:
hugin.info/133974/R/1681165/549475.pdf
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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#1681165]
