SGL Group Expands European Carbon Fiber Precursor Production Base through Majority Takeover of Fisipe

march 26 2012

The Carbon Company – has signed a contract to acquire an 86% stake in the listed Portuguese company Fisipe – Fibras Sinteticas de Portugal S.A. – from the previous principal shareholder, Negofor. Thus, SGL Group is expanding its production network for the supply of raw materials for carbon fiber production to include a production facility for precursors. The purchase price is approximately EUR25 million. At the same time, a mandatory public offer will be submitted to the Portuguese securities commission for the remaining shares in Fisipe. The closing for the transaction is targeted for the end of April 2012. Fisipe’s top management will continue in leading roles in the company’s operating business once the transaction is complete.

Dr. Jurgen Kohler, Head of Business Unit Carbon Fibers & Composite Materials: “As an integrated manufacturer of carbon fibers and composites, having our own supply of raw materials is absolutely essential in light of increasing quality and efficiency requirements as well as developing new fields of application for carbon fiber technology. This is why acquiring Fisipe is a logical strategic step toward strengthening our European precursor production base. Fisipe is a long-term partner with proven know-how in manufacturing acrylic fibers and has a modern production and research infrastructure with its own energy supply. We are securing this high-tech site in Portugal and can thus build on the expertise of the approximately 330 people currently working there.

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