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SGL Group to sell its cathodes business
Reinforced Plastics Volume 00, Number 00 October 2017
BUSINESS
Business SGL Group to sell its cathodes business SGL Group has confirmed the sale of its cathodes, furnace linings, and carbon electrodes business to investment company Triton for s250 million. Closing is expected in the fourth quarter 2017.
Following the closing of the transaction, approximately 30 employees in Germany and 600 employees in Poland, who are based at the two production facilities in Nowy Sacz and Raciborz, will move from SGL Group to their new owner.
The sale will result in a book profit of around s130 million in the current fiscal year of SGL Group.
SGL; www.sglgroup.com
0034-3617/http://dx.doi.org/10.1016/j.repl.2017.09.042
1 Please cite this article in press as: Reinf. Plast. (2017), http://dx.doi.org/10.1016/j.repl.2017.09.042
BUSINESS
Business SGL Group to sell its cathodes business SGL Group has confirmed the sale of its cathodes, furnace linings, and carbon electrodes business to investment company Triton for s250 million. Closing is expected in the fourth quarter 2017.
Following the closing of the transaction, approximately 30 employees in Germany and 600 employees in Poland, who are based at the two production facilities in Nowy Sacz and Raciborz, will move from SGL Group to their new owner.
The sale will result in a book profit of around s130 million in the current fiscal year of SGL Group.
SGL; www.sglgroup.com
0034-3617/http://dx.doi.org/10.1016/j.repl.2017.09.042
1 Please cite this article in press as: Reinf. Plast. (2017), http://dx.doi.org/10.1016/j.repl.2017.09.042