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German firm buys state-owned chemicals maker


2012-02-21



Dr Woellner Holding of Germany has reached agreement with the Ministry of the Treasury to acquire 85% of shares in ZCh Rudniki, a leading domestic manufacturer of silicates. The transaction, whose value was not disclosed, is expected to be finalised by the end of the year.

ZCh Rudniki makes sodium silicate, potassium silicate, sodium and potassium water glass, foundry binders, and other products for chemical, rubber, paper, food, metal and other industries. In 2010 it earned a net profit of PLN 16.2m (approx. €3.9m) on sales of PLN 90.7m (€21.7m).

Dr Woellner is a leading supplier of silicates and other specialty chemicals in Europe.



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