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Tessenderlo Group Divests Some Operations; Posts Losses

5:34 AM MDT | August 31, 2012 | —Sotirios Frantzanas

Tessenderlo Group (Brussels) says it intends to divest its profiles activities in continental Europe to OpenGate Capital (Los Angeles), a global private investment firm. The activities to be sold include one production facility in France and another in Belgium, as well as distribution centers in Hungary and Poland. Tessenderlo sold its profiles business in U.S. to private equity firm Graham Partners (York, PA) in mid-2011. Tessenderlo also says it sold its organic chlorine derivatives activities in China to an undisclosed private investment firm based in Hong...

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