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NEOCHIMIKI acquires 40% stake in Astron Chemicals
01
Feb '08
The company NEOCHIMIKI L.V. LAVRENTIADIS S.A. announces that it proceeded today to the acquisition of a 40% stake in ASTRON CHEMICALS SA, at a price of € 3 mil.

ASTRON CHEMICALS SA was established in 1992 and its core business activity is the representation, import and trade of chemical raw materials and specialized chemical products for industrial use in the fields of food and beverage, pharmaceuticals, cosmetics, animal feed, paints/coatings/ adhesives and textiles.

ASTRON CHEMICALS SA marked in the fiscal year 2006 a turnover of € 16,8 mil., while its EBITDA stood at € 1,1 mil. and its profits before taxes stood at € 436 thou.

Neochimiki is a leading and very fast growing chemical company in South/Eastern Europe. As a producer and distributor for leading multinationals, Neochimiki offers complete solutions to its customers in a large variety of sectors.

NEOCHIMIKI L.V. LAVRENTIADIS S.A.

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