Tessenderlo Group sells its UK Profiles activities
12 9월 2013 - 3:45PM
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
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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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
Tessenderlo (EU:TESB)
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부터 11월(11) 2024 으로 12월(12) 2024
Tessenderlo (EU:TESB)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
