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Linking up Combining strengths
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Combining strengths
ASSA ABLOY acquires Securistyle in the United Kingdom
ASSA ABLOY has acquired Securistyle Group Holdings Limited in the UK. Securistyle specialises in window hardware and its product offering includes high performance friction hinges, handles and window locks.
“Securistyle is an exciting addition to ASSA ABLOY UK and to EMEA as a whole,” says Tzachi Wiesenfeld, executive vice-president of ASSA ABLOY and head of the EMEA Division. “Securistyle will give us access to the important market of window hardware and locks which is complementary to our UK multipoint locks business, and will bring us a very experienced team.”
Securistyle was established in 1978 and it is based in Cheltenham, UK. The company employs 205 people. 75 per cent of the products are sold in the UK, while the remainder is sold in various export markets. Visit: www.assaabloy.com
Braj Binani Group takes over Europe’s 3B Safic-Alcan acquires Necarbo
Binani Industries Limited, the holding company of USD 1.6 billion Braj Binani Group, has announced the acquisition of 3B – The Fibreglass Company (‘3B’), a Europe-based major in fibreglass products and technologies. Binani Industries Limited is one of India’s leading global diversified business houses, with interests in cement, zinc, glass fibre, composites and ready-mix concrete. The Braj Binani Group has acquired a 100 per cent equity interest in 3B from Platinum Equity.
Headquartered in Battice, Belgium, 3B is Europe’s leading manufacturer of fibreglass for reinforcement of thermoplastics and thermoset polymer applications, and is a preferred supplier to global leaders in industries including automotive and wind energy. This acquisition is part of Braj Binani Group’s strategy to expand its footprint in the global fibreglass market. It further augments the group’s technological and marketing capabilities in the fibreglass business. Visit: www.binaniindustries.com Safic-Alcan, an international distributor of chemical specialties, has acquired Necarbo, a Dutch-based chemical distributor belonging to PPG group. With this acquisition, Safic-Alcan has further enhanced its market position in the distribution of coatings & inks and water treatment.
Necarbo, based in Beverwijk, Netherlands, employs 59 people. Over the years Necarbo has developed its ‘home made’ Nebolabels range of products (Nebores and Neboplast resins, as well as pigments under the Nebotints and Nebochips labels). In addition, Necarbo has developed partnerships with a large number of leading chemical producers. In 2010, Necarbo achieved sales revenues of €63 million.
This acquisition will strengthen Safic-Alcan in the coatings & inks industry and more specifically in Benelux, France, Germany, Middle East and Malaysia. The Nebolabels will enlarge its existing portfolio of private label products on a worldwide scale. Visit: www.safic-alcan.com
Addtech acquires BioNordika Group
Addtech Life Science, a business area in the Addtech Group, has acquired all shares outstanding in BioNordika Holding AB.
BioNordika Holding AB is the parent company of the BioNordika Group, which has subsidiaries in Denmark, Estonia, Finland, Norway and Sweden. The BioNordika Group markets reagents and instruments for biomedical research, mainly in the pharmaceutical industry and at public institutions. The group has a strong position in the Nordic market and represents leading suppliers in areas such as cell and molecular biology as well as immunology and diagnostics. The BioNordika Group has 24 employees and sales of around SEK 80 million.
The BioNordika Group will very effectively complement Addtech’s operations in the Diagnostic business unit. The business unit focuses on sales of reagents and equipment for healthcare laboratories in the Nordic region. Visit: www.addtech.com
LINKINGUP
Borealis acquired PEC-Rhin SA from GPN
Borealis, a leading provider of chemical and innovative plastics solutions and a major player in fertilisers in central Europe, has acquired PEC-Rhin SA (Ottmarsheim, France) in its entirety from GPN. GPN, a 100 per cent subsidiary of Total, owned a 50 per cent interest in PEC-Rhin SA and exercised its pre-emption right for the remaining 50 per cent stake originally owned by BASF SE. This process has now been completed and approved by the relevant antitrust authorities. Pec-Rhin is a producer of nitrate fertilisers as well as ammonia, ammonia water and nitric acid for industrial use.
“Pec-Rhin with its assets on the border between France and Germany on the Rhine river is certainly most complementary to our current fertiliser business, which is mainly focused on the Danuberegion,” says Mark Garrett, Borealis chief executive.
Borealis will now investigate how to best integrate the new site and its activities without disrupting the current business and production processes. “With the fertiliser season coming up it is important the customers continue to be supplied without interruptions. LINZER AGRO TRADE, the Borealis fertiliser organisation, will be the sole distributor of the products,” says Markku Korvenranta, Borealis executive vice-president Base Chemicals. Visit: www.borealisgroup.com
ABB to acquire Thomas & Betts Outokumpu confirms agreement with ThyssenKrupp to create a ABB, the leading power and automation technology group, and Thomas & Betts Corporation, a North American lewader in low voltage products, have announced that both companies’ boards of global stainless steel leader directors have agreed to a transaction in which ABB will acquire Thomas & Betts for $72 per share in cash or approximately $3.9 billion.w
The complementary combination of Thomas & Betts’ electrical components and ABB’s low-voltage protection, control and measurement products would create a broader low voltage portfolio that can be distributed through Thomas & Betts’ network of more than 6000 distributor locations and wholesalers in North America, and through ABB’s well established distribution channels in Europe and Asia. “Because our products are complementary, we’ll go to market with one of the broadest offerings in the industry. That creates strong growth opportunities for both ABB and Thomas & Betts, and gives customers and distributors one-stop access to one of the widest ranges of low voltage products,” said Joe Hogan, ABB’s CEO. Thomas & Betts, combined with ABB’s North American low-voltage products business, will become a new global business unit led out of Memphis, TN, under the leadership of Pileggi. Visit: www.abb.com Outokumpu has reached an agreement in principle in its negotiations with ThyssenKrupp to combine Inoxum, the stainless steel unit of ThyssenKrupp, with Outokumpu under the operational leadership of Outokumpu. The agreement reached with the German labour representatives overnight marks a significant milestone in the negotiations. Specifically, it covers the following areas: • Closure of the Krefeld meltshop by end of 2013. • The melt shop in Bochum will be preserved until the end of 2016. • No compulsory redundancies in German production sites until end of 2015. • Planned total reduction of 850 jobs in Germany of which ThyssenKrupp has committed to offer alternative jobs within ThyssenKrupp for up to 600 of current Inoxum employees. Visit: www.outokumpu.com
Feintool sells IMA Automation Berlin to Mikron
Feintool has reached an agreement with Mikron on the sale of automation specialist IMA Automation Berlin GmbH, based in Berlin, Germany, to the Swiss industrial group. All 71 employees will transfer to Mikron. The deal will be finalised once the responsible competition authorities have given their approval.
Subject to the approval of the responsible competition authorities, the sale will take place retroactively with effect from 1 January 2012. Feintool and Mikron have agreed not to disclose the price. “In Mikron we are delighted to have found a buyer that is a good strategic and operational fit for IMA Berlin” said Heinz Loosli, Feintool CEO, commenting on the sale.
“This will safeguard the site’s continued development over the long term. Feintool regards the sale as a further step in the process of focusing on its core businesses. We are particularly pleased that we can offer all 71 affected employees and apprentices good perspectives in the Mikron Group.” Visit: www.feintool.com
