Adcuram Acquires SGL Carbon’s Surface Protection Business
SGL Carbon announced that, Adcuram Industriekapital AG will acquire SGL Carbon’s surface protection business as of January 6, 2005.
The surface protection business of the SGL Carbon Group has been under the responsibility of SGL Acotec GmbH, a specialist in coatings, rubber linings, acid-resistant brick linings, floor coverings, pipelines, vessels, and equipment made of plastic. The company holds a leading position worldwide in industrial corrosion protection. The surface protection business achieved in 2004 a turnover of 120 Mio. € with approx. 1.400 employees.
Already before the divestiture, the process technology business generating sales of approximately € 50 million was separated and integrated into the Graphite Specialties Business Unit. Process Technology is a mainstream and global business for SGL Carbon which hold a leading market and competitive position with further growth opportunities. The company also reports that the subsidiary specialising in the manufacture of graphite pumps and systems which is based in Grenoble, France, has changed its name to SGL CARBON Technic SAS on January 1, 2005.
As already been reported in conjunction with its intention to focus on core businesses, SGL Carbon has been looking into divestiture possibilities since the middle of last year with the assistance of the investment bank Sal. Oppenheim.
Adcuram Industriekapital AG is a financial investor specializing in the acquisition of companies and subsidiaries that no longer belong to the core business of the previous parent company. Engineering and plant construction is one of the key areas that Adcuram emphasizes in its investments. With its business in industrial corrosion protection, SGL Acotec GmbH fits in very well with Adcuram’s sectorial focus on plant construction, which the company intends to expand through further acquisitions.
Adcuram has extensive experience in managing companies and will continue to operate Acotec as a medium-sized enterprise. Adcuram supports its participations with his own teams of experts.
Sources: SGL Carbon AG & ADCURAM Industriekapital AG
Source: SGL Carbon SE