Süd-Chemie is negotiating the sale of its pet products business
The selling price will probably be in the region of EUR30 million, before deduction of financial liabilities and pension obligations. The Pet Products Business Unit reported an EBITDA of EUR4 million in 2005, based on sales of EUR55 million. The 274 employees, 112 of which are based at the business unit headquarters in Emmerich, are to be taken over.
Süd-Chemie will be concentrating on its core sectors of catalysis, food and feed additives, foundry products and performance packaging, as well as energy and environmental technology. Focusing on these core activities, it intends to promote expansion of its leading global market positions.
Most read news
Other news from the department business & finance
Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.