Germany's Woellner agrees draft deal to buy Poland's Rudniki

17 February 2012 17:04  [Source: ICIS news]

LONDON (ICIS)--Germany’s Woellner Group has agreed a draft contract with the Polish treasury ministry for the acquisition of an 85% stake in chemical producer Zaklady Chemiczne Rudniki, the ministry said on Friday.

In November, Woellner snubbed the chance to make an exclusive offer for the stake in Rudniki, a producer of sodium silicate, sodium water glass, potassium silicate, potassium silicate glass and industrial washing agents.

However, treasury officials subsequently invited Woellner back for a second round of negotiations which has proved successful, the ministry added.

Financial details of the potential acquisition were not disclosed. 

Woellner is based at Ludwigshafen in southwestern Germany, and also has plants in FranceAustria and China. It produces silicates and specialty chemicals for the dyestuff and construction, paper, chemical, and detergent and cleaning agent industries.

By: Will Conroy
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly