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Mitsubishi offers to acquire Tessenderlo’s compounds

4:40 PM MST | March 11, 2013

Tessenderlo Group (Brussels) says it has received an offer from Mitsubishi Chemical to buy Tessenderlo’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. Tessenderlo’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 €120 million ($156 million) in 2011. The intended divestment is in line with...

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