Tessenderlo Group : Tessenderlo Group completes sale of its Compounds activities

    Tessenderlo Group : Tessenderlo Group completes sale of its Compounds

Tessenderlo Group (NYSE Euronext: TESB) announced today that it has  completed 
the sale of  its Compounds  activities to Mitsubishi  Chemical Corporation,  a 
global industrial company already present in the compounds industry. The  sale 
comprises four production sites in France,  Poland and China and one R&D  site 
in Belgium, employing 360 employees.

On February 27 2013, the group announced its intention to divest its Compounds
business unit.  Information  and  consultation  procedures  were  subsequently 
successfully completed and merger control approval has been given.

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 divested  activities  produce  thermoplastic  elastomers  (TPE)  and  PVCs 
Compounds that  are specially  formulated for  applications in  the  building, 
automotive, cabling and many other areas. Its revenue amounted to 124  million 
EUR in 2012.

Tessenderlo  Group  is  a  worldwide  specialty  company,  focused  on   food, 
agriculture, water  management  and  on valorizing  bio-residuals.  The  group 
employs about 7,000  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

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  2.0 trillion JPY in  fiscal year ended March  2013. 
Mitsubishi Chemical Corporation is one of four core operating companies of the
Mitsubishi Chemical Holdings (MCHC) Group. The Group employs more than  55,000 
people, with a consolidated revenue of  about 3.1 trillion JPY, and is  listed 
on TSE.

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'

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


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Source: Tessenderlo Group via Thomson Reuters ONE
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