Acquisition of Delphi Catalyst Completed |
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Umicore
3950 S. Clinton Ave.
South Plainfield, NJ, 07080
USA
Press release date: October 1, 2007
Umicore today confirmed that the transaction to acquire the automotive catalyst business of Delphi Corp. has been completed. Regulatory clearance for the transaction has already been obtained. A dedicated team has been established to ensure a swift and smooth integration of the acquired activities within Umicore's Automotive Catalysts business unit.
Commenting on the completion of the deal, Umicore's Executive Vice-President of Automotive Catalysts, Marc Grynberg said: "This deal represents another significant step forward for our business. The combination of the activities enables us to further broaden our customer base and to extend the product offering to our existing customers. It also provides opportunities to share best practices in terms of product and process technology. We are excited by the potential that the combination offers and we are very much looking forward to working with our new colleagues in the further development of our business."
For more information Investor Relations: Mr. Tim WEEKES - +32 2 227 73 98 - tim.weekes@umicore.com Mr. Geoffroy RASKIN - +32 2 227 71 47 - geoffroy.raskin@umicore.com
Media: Mr. Bart CROLS - +32 2 227 71 29 - +32 476 98 01 21 - bart.crols@umicore.com
Umicore profile Umicore is a materials technology group. Its activities are centred on four business areas: Advanced Materials, Precious Metals Products and Catalysts, Precious Metals Services and Zinc Specialties. Each business area is divided into market-focused business units.
Umicore focuses on application areas where it knows its expertise in materials science, chemistry and metallurgy can make a real difference, be it in products that are essential to everyday life or those at the cutting edge of new technological developments. Umicore's overriding goal of sustainable value creation is based on this ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.
The Umicore Group has industrial operations on all continents and serves a global customer base; it generated a turnover of 8.2 billion ( 1.7 billion excluding metal) in 2006 and currently employs some 14,000 people.
n.v. Umicore s.a. Corporate Communication Broekstraat 31 Rue du Marais Phone: +32 2 227 71 28 BTW: BE401 574 852 B-1000 Brussels Fax: +32 2 227 79 03 Bank: 210-0053806-23 www.umicore.com e-mail: info@umicore.com
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