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ARQUES takeover Oxxynova DMT business
06 Oct '06
1 min read
Degussa AG is selling Oxxynova GmbH & Co KG, Marl, to a subsidiary of the ARQUES Group, Starnberg. On a debt free basis, the purchase price is 22 million euros.
The divestment still has to be approved by the German antitrust authorities. Degussa and ARQUES assume that the transaction will be closed in fall 2006.
Oxxynova manufactures and markets liquid and solid dimethyl- terephthalate (DMT). It has production sites at Steyerberg and Lülsdorf in Germany, and its administrative headquarters are in Marl, Germany.
Oxxynova no longer forms part of Degussa's core business. In 2005 it had around 200 employees and generated sales of 182 million euros.
DMT is a preliminary product in polyester production and is utilised, among other things, in the production of textile and technical fibers, films, lacquer and adhesive raw materials, as well as plastic films.
Degussa is the global market leader in specialty chemicals. Our business is creating essentials–innovative products and system solutions that make indispensable contributions to our customers' success.
The divestment still has to be approved by the German antitrust authorities. Degussa and ARQUES assume that the transaction will be closed in fall 2006.
Oxxynova manufactures and markets liquid and solid dimethyl- terephthalate (DMT). It has production sites at Steyerberg and Lülsdorf in Germany, and its administrative headquarters are in Marl, Germany.
Oxxynova no longer forms part of Degussa's core business. In 2005 it had around 200 employees and generated sales of 182 million euros.
DMT is a preliminary product in polyester production and is utilised, among other things, in the production of textile and technical fibers, films, lacquer and adhesive raw materials, as well as plastic films.
Degussa is the global market leader in specialty chemicals. Our business is creating essentials–innovative products and system solutions that make indispensable contributions to our customers' success.
Degussa AG
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