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

 SI Group to Acquire Antioxidants, Ibuprofen and Propofol Businesses from  Albemarle  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 www.siigroup.com.  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  www.siigroup.com.  Contact:  Brooke Manrique Public Relations & Marketing Communications Manager  SI Group, Inc. + 1 518-347-4112 brooke.manrique@siigroup.com  Logo - http://photos.prnewswire.com/prnh/20130204/NY53537LOGO-b    SOURCE  SI Group, Inc.  http://www.siigroup.com  http://photos.prnewswire.com/prnh/20130204/NY53537LOGO-b  PRN Photo Desk, photodesk@prnewswire.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/April2014/16/c4158.html  CO: SI Group, Inc. ST: Louisiana NI: HEA MTC CHM BTC MNA ORDER  
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