Frankfurt/Main – Chemicals holding company Cassella GmbH has sold all the shares in Frankfurt-based chemical company Allessa GmbH to the International Chemical Investors Group (ICIG). The purchase price was not disclosed.
A team from CMS Hasche Sigle led by lead partner Dr Martin Bell advised Cassella on all aspects of the sale of Allessa to ICIG.
Allessa is a manufacturer of intermediates and specialty chemicals. Headquartered in Frankfurt/Main, the company has production sites in Fechenheim, Griesheim and Höchst. More than 890 employees make Allessa one of the biggest industrial firms in the Federal State of Hesse. ICIG also operates plants in Griesheim and Höchst, as part of its WeylChem fine chemicals platform. These facilities were previously part of the Hoechst Group and considerable synergies are expected from cooperation between the two companies. Combined sales of more than EUR 500 million will make the WeylChem/Allessa Group a leading global supplier of fine chemicals and contract synthesis.
Allessa spin-off TouGas Oilfield Solutions GmbH, which specialises in the development and worldwide marketing of innovative chemicals and technologies related to hydraulic fracturing ("fracking"), will be managed by Cassella as a majority holding.
CMS Hasche Sigle
Dr Martin Bell, M&A, Corporate, Lead Partner
Philipp Weber, M&A, Corporate
Press Contact
presse@cms-hs.com
