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

SI Group to Acquire Antioxidants, Ibuprofen and Propofol Businesses from 
SCHENECTADY, N.Y., April 16, 2014 /CNW/ - 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 Ibuprofen. 
"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 
Contact:  Brooke Manrique Public Relations & Marketing Communications Manager 
SI Group, Inc. + 1 518-347-4112 
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SOURCE  SI Group, Inc. 
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CO: SI Group, Inc.
ST: Louisiana
-0- Apr/16/2014 20:03 GMT
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