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Chemical Week Magazine :: Newsbriefs
Mitsubishi offers to acquire Tessenderloâ€™s compounds
7:53 AM MST | March 8, 2013
Tessenderlo Group (Brussels) says it has received an offer from Mitsubishi Chemical to buy Tessenderloâ€™s compounds activities. Terms were not disclosed. The intended acquisition comprises production sites in China, France, and Poland; and an R&D site in Belgium. Tessenderloâ€™s compounds business focuses on the formulation and production of thermoplastic elastomer and polyvinyl chloride compounds for industries including construction and automotive. It generated sales of â‚¬120 million ($156 million) in 2011. The intended divestment is in line with...
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