News

Tessenderlo Group has the intention to sell its pharmaceutical ingredients activities to International Chemical Investors Group

09. October 2012

Brussels / Luxembourg – Tessenderlo Group (NYSE Euronext: TESB) announced today that it has the intention to sell its pharmaceutical ingredients activities, Farchemia and Calaire Chimie, to International Chemical Investors Group (ICIG), a private industrial holding company. The sale concerns two production sites in France and Italy.

The employee representatives of Farchemia in Italy and Calaire Chimie in France have been informed that the information and consultation procedures will be launched.
This divestment project is in line with Tessenderlo’s strengthened focus on specialty products and services in the areas of food, agriculture, water management and valorizing bio-residuals.
Tessenderlo Group’s Pharma BU is a preferred supplier of intermediates and active pharmaceutical ingredients (API's) for major international pharmaceutical companies for both the branded and the generic markets. The activities in scope of this project employ about 360 employees.

Tessenderlo Group is 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

International Chemical Investors Group is a privately owned industrial holding company focusing on mid-sized chemicals and pharmaceutical businesses. Since inception in 2004, ICIG has acquired 17 businesses, all of which have origins in major global chemical or pharmaceutical corporations and are independently managed. ICIG companies currently employ more than 3,300 people and operate 17 manufacturing facilities in Europe and the United States with total sales of approximately €700 million. For more info about International Chemical Investors Group:  www.ic-investors.com

Tessenderlo Contact:
Media Relations
Kathleen IWENS
+32 (0) 478 664 555

Investor Relations
Philip LUDWIG
+32 (0) 499 418 891

ICIG Contact:
Sibel Cumcu
+49 (69) 506 999 0
info@ic-investors.com

back