ICIG Would Divest The Pharmaceutical Ingredients Activities in Calaire

Tessenderlo Group has completed the sale of its pharmaceutical ingredients activities in Calaire, France and Farchemia, Italy, to International Chemical Investors Group (ICIG), a private industrial holding company.

This divestment is part of Tessenderlo's focus on specialty products and services in the areas of food, agriculture, water management and valorizing bio-residuals.

Tessenderlo had announced its plan to divest the pharmaceutical ingredients activities in Calaire and Farchemia on 9 October 2012.

The sale was cleared by the merger control authorities on 5 December 2012.

Calaire and Farchemia employ approximately 360 employees, according Tessenderlo.

ICIG is a company that focuses on mid-sized chemicals and pharmaceutical businesses and has acquired 17 businesses till date.