Tessenderlo sells Chelsea to Graham Partners

Tessenderlo Group (NYSE Euronext: TESB) sold its subsidiary Chelsea Building Products Inc. (US) to Graham Partners, a US-based, privately-held investment company. The Valence Group provided M&A advisory services to Tessenderlo on the transaction.

Chelsea Building Products designs and produces PVC profiles for windows and doors and specialty products for the US remodeling and new construction market.

Peter Hall, Partner at The Valence Group said: This is the third divestiture on which we have advised Tessenderlo in 2011. Were pleased to have been able to play a continuing role in supporting the Tessenderlo team as they reconfigure their portfolio.