[Ferro-Alloys.com] Oslo, 30 September 2019: Elkem ASA has now closed the announced acquisition of Basel Chemie with effect from 30 September 2019. Reference is made to stock exchange release dated 16 August 2019. Elkem has now concluded the acquisition of Basel Chemie, a Korean producer of specialty silicone gels for cosmetics and water
repellents for the construction industry. The acquisition gives Elkem access to leading technology in attractive end-user silicone segments and provides a solid platform for further development and growth.
All regulatory approvals for the acquisition have been concluded and the settlement of the transaction took place 30 September 2019. Basel Chemie will be consolidated into Elkem’s financial statement with effect from 30 September 2019.