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Tessenderlo completes sale of compounding activities to Mitsubishi Chemical

4:49 AM MDT | June 19, 2013 | Francinia Protti-Alvarez

Tessenderlo Group (Brussels) has completed the previously announced sale of its compounding activities to Mitsubishi Chemical, Tessenderlo announced today. The sale comprises 4 production sites in France, Poland, and China and an R&D site in Belgium, employing 360 employees. The group announced its intention to divest its compounds business unit in February. The divested activities produce thermoplastic elastomers and polyvinyl chloride compounds formulated for applications in building, automotive, cabling, and other areas. Revenue for the business was...

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