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07-29-2011

Tessenderlo: Sale of PVC and Chlor-Alkali Activities to Kerling Approved

On July 26th, 2011, the EU Commission has given its approval for the sale of Tessenderlo Group’s PVC and Chlor-Alkali activities to Kerling, a privately held UK-based company.

Kerling, through its Ineos ChlorVinyls business, will be upon closing of the deal – to be expected shortly – the new owner of Tessenderlo Group’s PVC activities, including VCM, Chlor-Alkali as well as part of Organic Chlorine Derivatives.

Besides the major plant at Tessenderlo in Belgium, the production plants in France (Mazingarbe) and the Netherlands (Beek and Maastricht) are involved. These businesses employ about 850 people.

With this transaction, Tessenderlo Group has taken a major step in its transformation into a speciality group.

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