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People & Business :: M&A

Tessenderlo closes Profialis divestment

4:58 AM MST | February 1, 2013 | Francinia Protti-Alvarez

Tessenderlo Group (Brussels) has completed the sale of Profialis, its continental European polyvinyl chloride (PVC) profiles activities, to private equity firm OpenGate Capital (Los Angeles), the two companies said today. Financial terms were not disclosed.   "We are already implementing our plans to ensure a seamless transition from the seller and to lay the groundwork for leveraging the inherent strengths of Profialis, as we see a lot of potential in this business,” says Andrew Nikou, managing partner and CEO at OpenGate.   Profialis is a...

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