Elkem and Bluestar Silicones International join forces

24-Jun-2015 - France

Elkem and Bluestar silicones International announce their formal integration into one company. This development builds on the already close relationship between the two entities through the silicone value chain. The main aim of legal and financial integration is to position the Company for profitable growth in all business areas.

Elkem has purchased all the shares of Bluestar Silicones International. The purpose of the transaction is to create a vertically integrated silicones player and a financially robust company with the ability to grow profitably in all business segments, while maintaining the expertise and market driven organisations that have been the basis for success.

CEO Helge Aasen will lead the Company and the management team will consist of members from both Elkem and Bluestar Silicones International. The name of the Company will be Elkem, however all registered trademarks will be left unchanged.

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