10 July 2012 09:53 [Source: ICIS news]
SGL has completed acquiring the additional 10.8% stake in Fisipe from Quimifertil, the German firm said in a statement.
“Once the takeover proceedings are complete, Fisipe will be wholly-owned by SGL Group,” it said.
In April this year, SGL had completed acquisition of 86% of Fisipe at around €25m ($31m).
“With this transaction, SGL Group is expanding its production network for the supply of raw materials for carbon fibre production to include an additional production facility for precursors,” SGL said.
($1 = €0.81)
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