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People & Business :: M&A

Tessenderlo sells UK PVC profiles business to private equity firm

9:07 AM MDT | September 12, 2013 | Natasha Alperowicz

Tessenderlo Group announced today that it has sold its UK profiles activities, trading under the Eurocell name, to H2 Equity Partners, a private investment firm. The sale comprises 3 production sites, a warehousing site, and 124 sales branches, employing 978 people. The sale is in line with Tessenderlo’s focus on specialty products and services for food, agriculture, water management, and adding value to bioresiduals, the company says. The sale also marks the group’s exit from profiles activities, following previous divestments in the United States...

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