18. November 2015
Munich/Shanghai/Perlen, November 18th, 2015. Swiss-based CPH Chemie + Papier Holding AG is expanding within the chemistry sector. Its Zeochem AG subsidiary has agreed to acquire 80% of the shares of Jiangsu ALSIO Technology Co. Ltd (ALSIO) from the Jiangsu Feixiang Group. ALSIO, which was founded in 2008 and is domiciled in Lianyungang in China’s Jiangsu province, is one of Asia’s leading manufacturers of molecular sieves. The acquisition price remains undisclosed. The deal is expected to be closed in the beginning of 2016.
“ALSIO is an ideal complement to Zeochem’s current worldwide activities, both geographically and in terms of its product programme,” says Dr. Alois Waldburg-Zeil, Head of the CPH Group’s Chemistry Division. “And from its location in China, we will be able to further develop and refine our service of Asia’s growing markets.”
“CPH is strengthening its business activities beyond the paper segment, expanding its global market position in growth regions and reducing its dependence on the Swiss franc,” says Dr. Peter Schildknecht, CEO of the CPH Group. “Our acquisition of ALSIO is a further major step in this process, and in the implementation of our strategy in the chemistry sector.”
Zeochem is a leading manufacturer of molecular sieves for industrial applications, and of chromatography gels for the pharmaceuticals industry with production sites in Switzerland and the USA.
MelchersRaffel advised Zeochem AG on the transaction.
MelchersRaffel Ltd. (www.melchersraffel.com) advises European companies with their strategy and M&A endeavors with an emphasis on the Asian region and Asian companies focusing on Europe. With consultants from offices in Hong Kong, Shanghai, Singapore and Munich, and with access to the other areas of Melchers Group, all economically important regions of Asia are covered.
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