M&A Activity • Nov 19, 2010
M&A Activity
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Corporate | 19 November 2010 18:48
AURELIUS AG acquires KemFine UK Ltd
AURELIUS AG / Key word(s): Acquisition
AURELIUS acquires KemFine UK Ltd
Munich, 19 November 2010 - Munich-based industrial holding AURELIUS AG
(ISIN: DE000A0JK2A8) has today acquired the chemical company KemFine UK Ltd
based in Grangemouth, Scotland, from the Finnish KemFine Group Oy. KemFine
UK Ltd is a leading producer of fine chemicals for renowned clients in the
agrochemical, pharmaceutical and speciality chemical sectors. The company
offers a range of manufacture from development to large-scale production.
It also provides a range of services to other companies adjacent to its
site in Grangemouth. This includes electricity and steam supply as well as
wastewater treatment. In 2009 KemFine UK Ltd recorded annual sales of £41
million and has approximately 200 employees.
Ulf Björkqvist, CEO of KemFine Group Oy, said: 'KemFine Group Oy is happy
to confirm the sale of KemFine UK Ltd to AURELIUS and believes that
AURELIUS is a good, long-term owner for its Grangemouth Scotland
activities.'
AURELIUS plans to focus the business on the extension of its contract
manufacturing by expanding its product portfolio and acquiring new
projects. First meetings with customers have been very positive. The
service sector will be supported by selected investments. A first measure
is the planned increase of the current wastewater treatment plant's
capacity and the expansion of a cogeneration plant based on renewable fuel.
After its spin-off from the KemFine Group Oy the company will operate under
a new name. The purchase price and terms of the agreement have not been
disclosed.
Media enquiries (KemFine Group):
The BIG Partnership
Camillo Fracassini
Mobile: +44 (0)7841 867606
[email protected]
Nicki Sturzaker
Mobile: +44 (0)7872 465113
[email protected]
AURELIUS AG
Investor Relations & Corporate Communications
Telefon +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
[email protected]
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