Capital market-relevant press releases, 2003-04-15, 02:00 AM
Best owner for Thyssen Polymer
As part of its active portfolio management strategy, ThyssenKrupp Technologies has now found a best owner for the Thyssen Polymer business unit.
The buyer is the Belgian Deceuninck group, a leading global manufacturer of PVC profiles for the building industry with sales of 362 million euros and 1,776 employees. Deceuninck has 18 subsidiaries with a presence in 32 different countries. Following the sale, Thyssen Polymer will be a core business of the Belgian group.
With production sites in Germany and the USA and sales companies in Poland and Thailand, Thyssen Polymer has just under 900 employees and achieved sales of approximately 180 million euros in fiscal 2001/2002. The company is a leading manufacturer of plastic profile systems for windows, doors, conservatories and facades. These are activities which are not earmarked for expansion in the ThyssenKrupp Group. As part of the Deceuninck group, Thyssen Polymer will be ideally placed to continue its successful business.
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