Tessenderlo sell Compounds Business to Mitsubishi

The Valence Group has acted as M&A advisor to Tessenderlo Group on the intended sale of its Compounds activities to Mitsubishi Chemicals Corporation. Terms of the transaction were not disclosed.

Tessenderlo’s Compounds business unit employs 360 people and focuses on the formulation and production of thermoplastic elastomers (TPE) and PVC compounds for the building, automotive, cabling, manufacturing and footwear industries.  The sale comprises four production sites in France, Poland and China, and an R&D site in Belgium.