Industry News

SigmaKalon sells Manage site to Arpadis Group NV

Published on 2007-03-27. Author : SpecialChem

SigmaKalon announced that it has sold its Manage site, including all production facilities, to Arpadis Group NV, that will continue the manufacturing activities.

Arpadis Group NV is a growing international organization in the distribution of chemical products serving the paint, resins, polymers, personal care, polyurethane and food industries. Arpadis is a toll manufacturer of coatings, through a subsidiary - Schoonjans SA. SigmaKalon BU Industrial Coatings will continue the production of coatings through toll manufacturing in Manage.

As a result of the sale all production staff will be employed by Arpadis, without any changes to their employment conditions.

The sale has no impact on the commercial and strategic position of the Industrial Coatings division of SigmaKalon, which has established itself as one of the fastest growing activities of the SigmaKalon Group. SigmaKalon's Industrial Coatings business will continue to develop itself through organic and external growth initiatives.

The administrative, commercial and R&D staff, around 40 employees, will remain employed by SigmaKalon..

Via this investment Arpadis wants to develop the Manage site into a multi-customer services platform, where it intends to invest and possibly develop existing employment. SigmaKalon strongly believes that the future employment in the Manage production facility is now better secured thanks to the sale to Arpadis.

Source: SigmaKalon

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