Tessenderlo sells Fine Chemicals to Tennants

The Valence Group has successfully advised Tessenderlo Group (NYSE Euronext: TESB) on its sale of Tessenderlo Fine Chemicals (TFC, Ltd) to Tennants Consolidated Ltd., a leading UK privately held chemical manufacturing and distribution group.

Frank Coenen, Tessenderlo Group CEO, said This transaction represents a step forward in our strategy of reshaping the groups activities. The group will continue its focus on specialty products and services, especially sustainable products made from by-products of other industries. Mr. Coenen went on to say, The advice we received from the Valence Group was particularly important as we considered this sale. Their expertise in chemical industry mergers and acquisitions proved to be extremely valuable.

Ariel Levin, Partner, said: We are very excited to be working with the Tessenderlo Group and proud to have played a role in this transaction. Our successful relationship is further evidence that The Valence Group remains the premier advisor to the global chemicals industry.