Bekaert announces agreement on the intended sale of its Industrial Coatings activities
27-Jan-2012
Press release
Summary & download
Please find enclosed a press release concerning an agreement on the intented sale of Bekaert's Industrial Coatings activities.
Summary:
Bekaert and Element Partners, a Pennsylvania, US-based equity fund, signed an agreement today regarding the sale of Bekaert's Industrial Coatings activities to Element Partners. The transaction covers the production facilities in Deinze (Belgium) and Jiangyin (China), the maintenance activity at Spring Green (US), and the respective sales organization. The deal involves all 130 employees currently working in the Industrial Coatings platform. Later today, Element Partners also plans to sign for the acquisition of Soleras Ltd., a US-based company.
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better together
Situation
Shell was looking for a pipe solution that could withstand pressures of up to 300 bar while offering excellent corrosion protection.
Solution
Bekaert developed the Armofor® corrosion model, steel cord reinforced thermoplastic tapes based on a zinc coating.
Result
Bekaert’s solution combines the advantages of a light-weight.