Tessenderlo: Divestment of Esters and Aromas Activities
Tessenderlo Group has sold its subsidiary Tessenderlo Fine Chemicals Limited (TFC), Leek, Staffordshire/UK, to Tennants Consolidated Ltd., London, a leading UK privately held chemical manufacturing and distribution group. The transaction amounted to GBP 17 million on a cash-free, debt-free basis.
Tessenderlo Fine Chemicals Ltd., to be renamed Tennants Fine Chemicals Ltd., supplies a range of esters and aroma products to a global customer base from its production site located in Leek and generated a turnover of slightly more than GBP 45 million in 2010.
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