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.
For further information:
Odd-Geir Lyngstad
VP Finance and Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.no
About Elkem ASA
Founded in 1904, Elkem is one of the world's leading suppliers of silicon-based
advanced materials with operations throughout the value chain from quartz to
specialty silicones, as well as attractive market positions in specialty
ferrosilicon alloys and carbon materials. Elkem is a publicly listed company on
the Oslo Stock Exchange, and is headquartered in Oslo. The company has 6200
employees with 27 production sites and sales offices in a total of 28 countries
worldwide. In 2018 Elkem had revenues of 25.9 billion NOK. To learn more, please
visit www.elkem.com