Tessenderlo Group : Tessenderlo Group has the intention to sell its Compounds activities to Mitsubishi Chemical

Tessenderlo Group : Tessenderlo Group has the intention to sell its Compounds
                      activities to Mitsubishi Chemical

Tessenderlo Group (NYSE Euronext: TESB)  announced today that it has  received 
an offer for its Compounds activities from Mitsubishi Chemical Corporation,  a 
global industrial  company  already present  in  the compounds  industry.  The 
intended sale comprises four production sites in France, Poland and China  and 
one R&D site in Belgium.

The employee representatives of the companies making up the group's  Compounds 
business unit  have  been  informed  that  the  information  and  consultation 
procedures will be launched.  This transaction is  subject to merger  control 
approval.

This divestment project  is in  line with  the group's  strengthened focus  on 
specialty products  and services  in  the areas  of food,  agriculture,  water 
management and valorizing bio-residuals.

Tessenderlo Group's Compounds  business unit has  nearly 50 years'  experience 
and extensive know-how in formulation and production of thermoplastics, making
it market leader in this sector.  Its range of thermoplastic elastomers  (TPE) 
and PVCs  has been  specially  formulated to  provide original  solutions  for 
applications in the building, automotive,  cabling and many other areas.  The 
activities in scope of this project employ about 360 employees, and  generated 
revenue of 120 million EUR in 2011.

Tessenderlo  Groupis  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

Mitsubishi Chemical  Corporation  is  Japan's leading  chemical  company  with 
chemistry-based technology platforms for  the development of  a wide range  of 
technologies and products in the  fields of performance products,  healthcare, 
and industrial materials.  The Group  employs more than  27,000 employees  and 
posted net sales of about  2.1 trillion JPY in  fiscal year ended March  2012. 
Mitsubishi Chemical Corporation is one of four core operating companies of the
Mitsubishi Chemical Holdings (MCHC) Group. The Group employs more than  53,000 
people, with a consolidated revenue of  about 3.2 trillion JPY, and is  listed 
on TSE.

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 at
www.tessenderlogroup.com - 'News & Media'

Pour lire le communiqué de presse complet en Français, cliquez ici
To read the full press release in English, click here
Hier kan je het volledige bericht in het Nederlands lezen

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Source: Tessenderlo Group via Thomson Reuters ONE
HUG#1681165
 
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