International Chemical Investors Group to acquire Allessa from Cassella
International Chemical Investors Group (ICIG) and Casella GmbH have reached an agreement in principle under which ICIG would acquire all of the shares of Allessa GmbH. Both parties have agreed not to disclose the purchase price.
Allessa GmbH is a manufacturer of fine chemicals intermediates and specialty chemicals, headquartered in Frankfurt with production sites in Frankfurt’s vicinity Fechenheim, Griesheim and Höchst. Allessa GmbH is one of the largest manufacturing companies in the state of Hessen with more than 890 employees and its internal training center for more than 70 apprentices employed by Allessa GmbH.
The WeylChem Group, ICIG’s non-GMP fine chemicals platform, operates its plants in Griesheim and Höchst as well, which also used to belong to the former Hoechst AG conglomerate, and any future cooperation between Allessa GmbH and the WeylChem Group, under one ownership, would result in additional synergies.
“It should grow together what belongs together” says Casella GmbH Managing Director and Supervisory Board Chairman of Allessa GmbH Karl-Gerhard Seifert. “With the dissolution of the Hoechst conglomerate in the Rhein-Main region around Frankfurt, many of the synergies between the different sites have been destroyed and it is time now to enable them again”.
“With combined sales in excess of €500 million the WeylChem /Allessa Group would belong to the largest and most competitive fine chemicals and custom manufacturing operations worldwide” says ICIG Managing Director Achim Riemann.
“We welcome Allessa’s employees and we are excited that, with this transaction, ICIG’s combined sales would exceed €1 billion for the first time in 2014” says ICIG Managing Director Patrick Schnitzer.
The transaction is still subject to anti-trust approval by the respective authorities.
About Allessa GmbH
Allessa GmbH is a major European custom and toll manufacturer of fine chemicals and functional polymers with about 890 employees. In 2001 Allessa was founded as AllessaChemie GmbH. In 2012 AllessaChemie and AllessaSyntec merged into the new Allessa. The production is completely located in Germany at three sites in Frankfurt am Main: Frankfurt-Fechenheim, Frankfurt-Griesheim and Frankfurt-Höchst, six multipurpose and three dedicated production plants, two R&D centers and two pilot facilities each. For more information about Allessa GmbH: www.allessa.com
About International Chemical Investors
International Chemical Investors Group (ICIG) is a privately owned industrial holding company focusing on mid-sized chemicals and pharmaceutical businesses. Since inception in 2004, ICIG has acquired 20 businesses, all of which have origins in major global chemical or pharmaceutical corporations and are independently managed. ICIG companies currently have more than 3,500 employees operating 20 manufacturing facilities in Europe and the United States with total sales of approximately €850 million. For more information about International Chemical Investors Group: www.ic-investors.com