Aug 9 2005
Rhodia has announced the signing of a binding agreement for the sale of its European cartridge silicone sealants business to Henkel. This business comprises the production and distribution in Europe of a wide range of silicone sealants sold in cartridge form for the construction and Do-It-Yourself (DIY) markets. The transaction should be finalised in the coming weeks pending regulatory approvals.
With 158 employees based mainly on sites in Leverkusen in Germany and Leicester in the UK, the business generated sales of more than 50 million euros in 2004.
The Rhodia Group will continue to develop and manufacture core intermediates as well as bulk silicone sealants and market them in Europe and the rest of the world.
This divestment forms part of the divestiture of non-strategic activities being undertaken by the Group to consolidate its business portfolio.
http://www.rhodia.com