Sudarshan sells VP4 Frankfurt for EUR 76.5 million and sharpens focus on pigments
null
Frequently Asked Questions
VP4 Frankfurt GmbH is described as a manufacturing facility for Diketene and CKP (Crotanaldehyde-Ketan-Polymer). The presentation notes its output is used in arylides (azo yellow pigment), food additives, and other applications.
The buyer is stated as Celanese US Holdings LLC. The presentation also explains that Nutrinova is a joint venture between Celanese Corporation and Mitsui & Co, and that Celanese will operate the plant for a transitional period before ownership passes to Nutrinova.
The investor presentation states the deal value is EUR 76.5 million for the sale of 100% stake in VP4 Frankfurt GmbH.
The presentation states an expected closure in about 2 to 3 months from Sep 01, 2026.
The presentation states that only about 5% of the facility’s production was used by Sudarshan for captive consumption, while most of the production primarily served Nutrinova’s food additives business.
The presentation states that post closing, Nutrinova will supply the required quantity of Diketene to Sudarshan and that a long-term supply contract is in place.
The presentation states the proceeds will be primarily utilized for prepayment of the acquisition loan, and that this is expected to strengthen the balance sheet with the company targeting zero net debt or positive cash.
Did your stocks survive the war?
See what broke. See what stood.
Live Q1 Earnings Tracker