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
Pour lire le communiqué de presse complet en Français, cliquez ici
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Source: Tessenderlo Group via Thomson Reuters ONE
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