Woellner Group to bid for Poland's Zaklady Chemiczne Rudniki

05 September 2011 16:26  [Source: ICIS news]

LONDON (ICIS)--Germany's Woellner Group has been awarded exclusive negotiating rights for the acquisition of Poland's Zaklady Chemiczne Rudniki chemical producer, the Polish treasury ministry said on Monday.

Woellner has been given four weeks to submit a bid for the treasury's 85% stake in Rudniki that is acceptable to privatisation officials, it added.

Rudniki, based in Rudniki k Czestochowy, southern Poland, makes products including sodium silicate, sodium water glass, potassium silicate, potassium silicate glass and industrial washing agents.

Woellner, based in Lugwigshafen am Rhein, southwestern Germany, has annual sales of approximately €110m ($154.9m) and produces silicates and specialty chemicals for the dyestuff and construction, paper, chemical, and detergent and cleaning agent industries.

The company also has plants in France, Austria and China.

The treasury ministry said it selected Woellner for exclusive negotiations after also examining interest from Poland's Ciech, Germany's PCC and the Czech Republic's Tonaso Holding.

($1 = €0.71)

By: Will Conroy
+44 20 8652 3214

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