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
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
19.10.2005
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.
end of announcement euro adhoc 19.10.2005 08:47:39
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