SI Group to Acquire Antioxidants, Ibuprofen and Propofol Businesses from Albemarle

   SI Group to Acquire Antioxidants, Ibuprofen and Propofol Businesses from

PR Newswire

SCHENECTADY, N.Y., April 16, 2014

SCHENECTADY, N.Y., April 16, 2014 /PRNewswire/ --SI Group, Inc. announced
today that it has signed a deal to acquire the Antioxidants, Ibuprofen, and
related businesses and assets from Albemarle Corporation (NYSE:ALB). The
transaction includes manufacturing sites in Orangeburg, South Carolina, United
States and Jinshan, China. This deal expands SI Group's antioxidants business
and will position the company as one of the top three global suppliers of

SI Group Corporate Logo.

"It's the largest deal in SI Group's history," said Frank Bozich, SI Group
President & CEO. "This acquisition is a natural fit to our expansion strategy,
transforming SI Group into a solutions leader in the global antioxidant and
pharmaceutical active ingredients markets."

The acquisition will include Albemarle's antioxidant product lines, as well as
the FDA-regulated Ibuprofen and Propofol businesses. In addition, applications
and technical support capabilities in Shanghai and Baton Rouge, Louisiana,
United States will be included in the transaction.

"This acquisition is a major step in SI Group's strategy of expanding into
complementary, faster growing markets while at the same time continuously
improving our core business through business excellence," said Stephen Haller,
Senior Vice President of Strategy and New Business Development.

Subject to the required regulatory approvals, this acquisition is expected to
be completed later this year. Additional information about SI Group may be
found at

About SI Group

SI Group is a leading global developer and manufacturer of chemical
intermediates, specialty resins, and solutions. Founded in 1906 and
headquartered in Schenectady, New York, SI Group is a family-owned company
with facilities in 10 countries. For more information about SI Group, visit

Brooke Manrique
Public Relations & Marketing Communications Manager
SI Group, Inc.
+ 1 518-347-4112


SOURCE SI Group, Inc.

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