ICIG Acquires Allessa from Cassella
International Chemical Investors Group (ICIG) and Casella GmbH have reached an agreement in principle under which ICIG would acquire all of the shares of Allessa GmbH. Bothparties have agreed not to disclose the purchase price.
Allessa GmbH is a manufacturer of fine chemicals intermediates and specialty chemicals with more than 890 employees, headquartered in Frankfurt with production sites in Frankfurt’s vicinity Fechenheim, Griesheim and Höchst. In 2001 Allessa was founded as AllessaChemie GmbH. In 2012 AllessaChemie and AllessaSyntec merged into the new Allessa.
International Chemical Investors Group (ICIG) is a privately owned industrial holding company focusing on mid-sized chemicals and pharmaceutical businesses. Since inception in 2004, ICIG has acquired 20 businesses, all of which have origins in major global chemical or pharmaceutical corporations and are independently managed. ICIG companies currently have more than 3,500 employees operating 20 manufacturing facilities in Europe and the United States with total sales of approximately €850 million.
The WeylChem Group, ICIG’s non-GMP fine chemicals platform, operates its plants in Griesheim and Höchst as well, which also used to belong to the former Hoechst AG conglomerate, and any future cooperation between Allessa GmbH and the WeylChem Group, under one ownership, would result in additional synergies. “With combined sales in excess of €500 million the WeylChem /Allessa Group would belong to the largest and most competitive fine chemicals and custom manufacturing operations worldwide” says ICIG Managing Director Achim Riemann.
The transaction is still subject to anti-trust approval by the respective authorities.
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