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Acquisition of H&R ESP Ltd industrial wax activities

October 20, 2005 - Paramelt today announced to have acquired the industrial wax activities of Hansen & Rosenthal ESP Ltd. based in Chorley (UK).

The acquisition will bring significant synergy to Paramelt’s flexible packaging and adhesive markets as well as adding on a number of new niche markets. The product range is largely complementary and provides Paramelt with a strong position in the UK where the Hansen & Rosenthal (former Dussek Campbell) products have a well established reputation.

Several members of the Hansen & Rosenthal customer service and sales team will transfer to Paramelt’s UK office, which will be established in Chorley to ensure a continued high service level to UK customers.

The production of these speciality waxes will be transferred to Paramelt’s plant in Heerhugowaard, the Netherlands as well as to their plant in Eupen, Belgium.

Paramelt also has an adhesive plant in Veendam in the Netherlands and a wax blending plant in Suzhou, China. With this acquisition Paramelt reaches a turnover of €117 million with 285 employees.