Printer Friendly

Tessenderlo agrees to buy German BT Bautechnik.

MANews-(C)2009-2011

9 September 2011 - Belgian speciality chemicals company Tessenderlo Chemie (EBR:TESB) on Friday said it had agreed to buy German plastic pipe fittings maker BT Bautechnik Group, comprising BT Impex GmbH and BTH Fitting KFT.

Financial terms were not disclosed.

The transaction is part of Tessenderlo Chemiea[euro](tm)s strategy to boost its storm water management portfolio and increase its presence in central and eastern Europe, the buyer said in a press release.

Completion is pending regulatory clearance in Germany.

BT employs 125 and had revenues of some EUR20m (USD27.5m) last year.The company, a supplier of Tessenderlo Chemie, said in a statement it expected to grow as part of the group.Country: , GermanySector: Machinery/EngineeringTarget: BT Impex GmbH, BTH Fitting KFT Buyer: Tessenderlo Chemie NVType: Corporate acquisitionStatus: Agreed

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Sep 9, 2011
Words:134
Previous Article:US Ebates acquires websites FatWallet, AnyCoupons.
Next Article:McCormick finalises Indian JV deal with Kohinoor Foods.
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters