After a competitive process, Elementis has entered into an agreement to sell its Surfactants business in Delden to Kolb Distribution AG for a cash consideration of €39m. We consider this a positive conclusion to the planned disposal of this non core, loss making and capital consumptive business. As expected, Elementis enters into a supply agreement with Kolb for continued sourcing of certain products for its Specialties division from the Delden site. This will be modestly dilutive to earnings fr ....
12 Dec 2017
N+1 Singer - Elementis - Sale of Surfactants for €39m
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N+1 Singer - Elementis - Sale of Surfactants for €39m
Elementis plc (ELM:LON) | 141 -3.1 (-1.5%) | Mkt Cap: 826.5m
- Published:
12 Dec 2017 -
Author:
James Tetley -
Pages:
3
After a competitive process, Elementis has entered into an agreement to sell its Surfactants business in Delden to Kolb Distribution AG for a cash consideration of €39m. We consider this a positive conclusion to the planned disposal of this non core, loss making and capital consumptive business. As expected, Elementis enters into a supply agreement with Kolb for continued sourcing of certain products for its Specialties division from the Delden site. This will be modestly dilutive to earnings fr ....