AURELIUS acquires chemical group ISOCHEM
- Acquisition from state-owned SNPE Group
- Leading provider of fine chemicals
- Consolidated revenues increase by 113 million euros
Paris, 22 February 2010 – Munich-based industrial holding AURELIUS AG (ISIN: DE000A0JK2A8) has agreed with the French state-owned GROUPE SNPE, Paris, upon the complete acquisition of ISOCHEM, the fine chemical business unit of GROUPE SNPE, Paris.
ISOCHEM is a leading provider of fine chemicals as well as phosgene derivatives for clients of the pharmaceutical, cosmetics, agrochemical and intermediate sector. The company recorded annual sales of 113 million euros with a total of 530 employees. ISOCHEM produces at four French manufacturing sites and in Kazincbarcika, Hungary, and is also represented in the US, Great Britain and Germany.
“Aurelius is a strong and serious partner for the successful future of ISOCHEM,” says Antoine Gendry, CEO of SNPE.
The purchase price and terms of the agreement have not been disclosed. The acquisition of ISOCHEM is subject to approval by the French government and the responsible antitrust authorities. By this transaction AURELIUS has increased the number of its portfolio companies to a total of fifteen again and has invested in a chemical enterprise for the very first time so far.
AURELIUS will support its new portfolio company particularly with regard to considerable opportunities for growth such as entering new markets and developing new products, technologies and customer-specific solutions. AURELIUS also plans to intensify the international distribution especially in the US and in Eastern Europe and to improve all operational processes.