SOLVAY and LPW finalize their agreement to buy business activities from each other
Solvay (Brussels, Belgium) and LPW (Langbein-Pfanhauser Werke AG, Düsseldorf, Germany) have successfully concluded the transaction first announced last June ( See press release of June 18, 2001).
After respective due diligence, workers consultation procedures and Board approvals, the final agreement was signed by both parties in Brussels.
Pursuant to this agreement, SOLVAY will take over the industrial foils business of Cova Products Ltd in the United Kingdom, as well as Cova Products Inc. in the United States, and LPW will acquire SOLVAY's decoration business, including Alkor Deco (Germany), Vénilia (France), Veninov (France), Boekelo Decor (The Netherlands) and their commercial subsidiaries.
The closing of the transaction will be subject to appropriate clearance by the relevant national authorities.
Most read news
Other news from the department business & finance

Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.