SGL Group to sell its cathodes business

SGL Group has confirmed the sale of its cathodes, furnace linings, and carbon electrodes business to investment company Triton for €250 million. Closing is expected in the fourth quarter 2017.

Following the closing of the transaction, approximately 30 employees in Germany and 600 employees in Poland, who are based at the two production facilities in Nowy Sacz and Raciborz, will move from SGL Group to their new owner.

The sale will result in a book profit of around €130 million in the current fiscal year of SGL Group.

This story is reprinted from material from SGLwith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.