Tessenderlo Group completes sale of continental European Profiles activities
February 01 2013 - 12:02AM
Tessenderlo
Group (NYSE Euronext: TESB) announced today that it has completed
the sale of its continental European Profiles activities to
OpenGate Capital, a global private investment company.
On August 29 2012, the group
announced its intention to divest the continental European Profiles
activities. Information and consultation procedures were
subsequently successfully completed.
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 continental European Profiles
activities, known under the brand name Profialis, include
production facilities in France (Clerval) and Belgium (Oeselgem),
distribution centers in Hungary and Poland, and employ more than
300 people.
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
For more
information about OpenGate Capital
LL , please visit www.opengatecapital.com .
| 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 on the corporate website www.tessenderlogroup.com
- under 'News & Media'
To read the full press release in
English, click here
Hier kan je het volledige bericht in het Nederlands lezen
Pour lire le communiqué de presse complet en Français, cliquez
ici
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#1674828
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