Chemetall sells sealants and casting resins business to Kömmerling

Chemetall GmbH, Frankfurt am Main, will sell the sealants and casting resins business of its Glass Division to Kömmerling Chemische Fabrik GmbH, Pirmasens/Germany.

A corresponding agreement was signed on Friday, May 23rd. The transaction has been approved by the anti-trust authorities and is expected to be closed in June.

Kömmerling will acquire from Chemetall its Naftotherm® and Naftolan® product lines which comprise primary and secondary insulating glass sealants as well as casting resins for the glass industry.

Kömmerling will also take over the corresponding production facilities and staff at Langelsheim (near Goslar) where it will continue to manufacture insulating glass sealants and casting resins. As a result, Kömmerling will have two production sites in Germany.

The acquisition of Chemetall's insulating glass sealants and casting resins business is another step in the implementation of Kömmerling's strategy aimed at the expansion of its core competences and strengthening of its position in international markets. Combining both companies' know-how in glass production and processing will achieve far-reaching synergies and enhance the customer-oriented service spectrum of Kömmerling.

With its withdrawal from the major part of its glass business, Chemetall continues the strategic concentration on its core businesses of surface treatment, lithium and fine chemicals, which businesses will be expanded further. Product lines not affected by the transaction are glass processing auxiliaries of Aachener Chemische Werke and easy-to-clean coatings for glass and other surfaces. These product lines will in the future be managed by Chemetall's Surface Treatment Division.

600450 Chemetall sells sealants and casting resins business to Kömmerling
Date: 29 May 2003
Source: Chemetall

See more news about:

Others also read

Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
KUB Malaysia Bhd has accepted an offer from Nippon Sheet Glass Co Ltd (NSG) to acquire its 15% stake in Malaysian Sheet Glass Bhd (MSG) for RM32.6 million in cash, or RM2.68 per share.
Co-Ventures in Glass Containers (CVIGC, Ltd.) of Tampa, Florida, USA and Micro-Tek Canada, Inc. Of Toronto, Canada are excited to announce the beginning of a long term joint venture to combine their extensive experiences and resources to offer the Glass Container Industry globally a best value alternative for all their outsourcing needs in manufacturing, operations and technical assistance agreements, specifically targeted to the smaller manufacturers who have found the larger service companies to be cost and profit prohibitive.The principals of the two companies have found a global need for smaller glass companies who require excellent technical resources to properly compete within the industry without the high costs of employing their own staffs or outsourcing their requirements to the larger service companies whose own operating costs and overhead are substantial.
China's largest automobile glass maker Fuyao Glass Industry Group Co, Ltd, won its case against the dumping ruling of the US Department of Commerce (DOC).
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.

Add new comment