Kemfine UK has been sold to Munich-based Aurelius AG
Monday, 20 September 2010 18:35
Kemfine UK has been sold to Munich-based Aurelius AG for an undisclosed sum.
The Grangemouth business, part of the Finnish-based KemFine Group, produces chemicals in the agrochemical and pharmaceutical sectors.
The UK arm had sales of £41million in 2009 and employs around 200 people at Grangemouth.
Welcoming the announcement the SNP’s candidate at the forthcoming Scottish Parliament election, Grangemouth Councillor Angus MacDonald said:
“The acquisition of Kemfine by German firm Aurelius is extremely welcome news for Grangemouth in the current economic climate and helps secure the long-term prospects for the Grangemouth plant.
“Aurelius has a good track record in committing to long-term projects in previous acquisitions, which bodes well for the future of the Grangemouth plant and will be of great comfort to the 200 employees at the Grangemouth plant.”