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People & Business :: Companies

Wacker Backintegrates to Silicon Metal Production Through Acquisition

1:05 AM MDT | June 7, 2010 | Natasha Alperowicz

Wacker Chemie has agreed to buy Fesil Group's (Trondheim, Norway) Holla silicon metal production site in Norway for about €65 million ($81.6 million). Through this acquisition Wacker partially backintegrates to silicon metal, one of the key raw materials the company uses in the production of silicones and hyperpure polysilicon. The transaction is still subject to approval by the Wacker supervisory board and Fesil's board of directors as well as clearance by the antitrust authorities. Wacker takes over all of Fesil's production facilities at Holla, including...

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