Acordis to sell acrylic fibres business in Barcelona
Arnhem, the Netherlands, 5 September 2000 Acordis is to sell its acrylic fibres business in Barcelona, Spain to Fisipe of Lavadrio, Portugal. The sale includes licensing arrangements giving continuing access to the Acordis family of acrylic fibre brands namely Courtelle, Neochrome, Dolan and Dolanit, without compromising the high quality standards with which these brands are associated. The other Acordis acrylic fibre operations in Grimsby and Bradford (both UK) and Kelheim (Germany) are not affected by this transaction. Financial details have not been made public.
Acordis believes that this transaction is in the best interests of the Barcelona business, as the Barcelona and Fisipe acrylic operations have complementary product portfolios and strategies. The sale forms part of the continuing strategy of Acordis to concentrate on industrial and speciality fibre areas and achieve growth via product, process, and business innovation. The transaction will allow Acordis to focus on further developing its acrylic speciality products in the UK and Germany.
Acordis is a multinational group of businesses, supplying customers throughout the world with man-made fibres and speciality materials for industrial, textile, medical, and hygiene applications. The Acordis group has sales of some EUR 2.2 billion (USD 2.2 billion, GBP 1.4 billion), employs 15,000 people, and has production facilities in Germany, the Netherlands, the United Kingdom, the United States of America, Brazil, Italy, Spain, and Poland.