SigmaKalon and Bollig & Kemper GmbH & Co. KG have reached an agreement for the acquisition by SigmaKalon of its coil coatings activities. With this acquisition, SigmaKalon Business Unit Industrial Coatings intends to enforce its coil coatings activities in general and to enter the aluminium segment of the coil market. The contract includes the sale of products, technology and customer contracts of the Bollig & Kemper coil division. Turnover of that division in 2005 was approximately €18 million. SigmaKalon will buy the technology of the coil coatings and the related resins. The production will be reshuffled from Cologne to Bochum and Cieszyn, and the sales force, R&D specialists and production employees will be transferred to the Bochum facilities. The closure of this transaction is subject to regulatory approval from the German and Austrian competition authorities.
SigmaKalon acquires the coil coatings activities of Bollig & Kemper
By Tim Wright
Published April 5, 2006
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