Solvay Sells Caprolactones Business
Solvay announces today that it has signed a sale & purchase agreement with the Perstorp Group of Sweden to sell to the latter its entire Caprolactones business, which is active in the production, marketing and sales of epsilon-Caprolactone and downstream derivatives. The transaction is expected to be completed in the fourth quarter of 2007, pending the relevant regulatory approvals. The agreed price for the transaction is EUR 200 million.
Solvay’s Caprolactones business – which is part of the Group’s Chemicals Sector – serves clients worldwide, from a manufacturing site located in Warrington, United Kingdom. These activities generated a turnover of about EUR 60 million in 2006 with 65 employees.
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