Degussa to acquire Ausimont's Italian persalts
and hydrogen peroxide activities
13 Dec 2002 - Degussa AG, Dusseldorf, and Solvay S.A. of Brussels, Belgium,
have reached an agreement whereby Degussa will be acquiring the persalts
and hydrogen peroxide (H2O2) activities operated in Bussi, Italy, by
Ausimont S.p.A., a wholly-owned subsidiary of Solvay S.A. Degussa will
be taking over Ausimont's 50 percent stake in the existing Degussa/Ausimont
joint venture MedAvox S.r.l. as well as the sodium perborate and H2O2
operations of Ausimont at the Bussi site. The financial terms of this
agreement are not to be disclosed. Anzeige
Degussa will be merging all activities into MedAvox, which will from
then on be its wholly-owned subsidiary. MedAvox will have a workforce
of about 100 employees and is projected to generate sales of EUR 50
million a year.
The completion of the transaction is subject to the regulatory clearance
by the respective antitrust authorities. As a consequence of Solvay's
acquisition of Ausimont earlier this year, the EU Commission instructed
Solvay in April to divest its 50-percent stake in MedAvox as well as
its hydrogen peroxide and sodium perborate activities in Bussi.
MedAvox has taken up the production and sales of sodium perborate since
January 1, 2002 and is currently constructing a new plant for the production
of sodium percarbonate which is scheduled to be completed by summer
2003. With this transaction, MedAvox will be able to strengthen its
position as a leading producer of persalts and hydrogen peroxide in
the Italian and Mediterranean markets.
A forward-looking step that will enhance Degussa's persalts and hydrogen
peroxide businesses
For Degussa, the world's leading specialty chemicals company, the acquisition
is a further strategic step towards successfully positioning itself
on the growing market for persalts and hydrogen peroxide. It already
operates sodium percarbonate, sodium perborate and H2O2 facilities in
Rheinfelden/Germany, Antwerp/Belgium, as well as H2O2 production facilities
in Austria, USA, Canada, Brazil, South Africa and New Zealand.
Europe is the world's most important market for hydrogen peroxide and
persalts such as sodium perborate and sodium
percarbonate. Both persalts are made on the basis of hydrogen peroxide,
and find use in detergents. Sodium percarbonate offers economic, ecological
and technological advantages.
Reference: Shangyu Jiehua Chemical
Co.,Ltd (Dated on March 21,2007)
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