Süd-Chemie AG

euro adhoc: Süd-Chemie AG
Strategic management decisions
Süd-Chemie Concentrates on Core Businesses Sale of Rheological Additives and Carbonless Copying Paper Additives Businesses to Rockwood

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Süd-Chemie Concentrates on Core Businesses Sale of Rheological Additives and Carbonless Copying Paper Additives Businesses to Rockwood

Süd-Chemie AG, Munich/Germany has reached an agreement with Rockwood Specialties Group Inc., Princeton, New Jersey/USA to sell its Performance Additives Business Unit, which produces rheological additives for the paints and coatings industry. The sales contract also includes Süd-Chemie´s additive business for carbonless copying paper ("Copisil"). The transaction is still subject to approval by the EU antitrust authorities.

Rockwood, a specialised US-American chemical company, will acquire both the technology and the brand rights to these activities, as well as the production facilities for rheological additives. Joint sales of the sold businesses amount to approximately euro 42 million. It was agreed to keep the purchase price confidential. The 125 staff in the rheological sector, employed mainly at sites in Moosburg, Bavaria/Germany and Louisville, Kentucky/USA will be taken over by Rockwood.

The Performance Additives Business Unit produces rheological additives used in the paints and coatings industry, as well as the cosmetics sector, to positively influence the flow properties (rheology) of finished products. The addition of rheological additives to paints and coatings helps create the right consistency for the required application, while also enhancing protection against corrosion. In the case of creams, lotions and lipsticks, rheological additives ensure optimal application to the skin. Further the additive business for carbonless copying paper ("Copisil") is part of the transaction.

By selling these operations, Süd-Chemie is optimising its portfolio in order to focus even more strongly on its core competencies in the sectors of catalysts, food and feed additives, products for foundries and performance packaging, as well as energy and environmental technology, thereby promoting systematic expansion of its leading global positions.

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ots Originaltext: Süd-Chemie AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Patrick Salchow
Tel.: +49 (0)89 5110 250
E-Mail: patrick.salchow@sud-chemie.com

Branche: Chemicals
ISIN:      DE0007292005
WKN:        729200
Börsen:  Berliner Wertpapierbörse / regulated dealing
              Bremer Wertpapierbörse (BWB) / regulated dealing
              Hamburger Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Bayerische Börse / official dealing

Weitere Meldungen: Süd-Chemie AG

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