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Prayon announces plans to acquire Febex and enters the electronics market

Engis, October 28th, 2022 – Prayon, a global player in phosphorus chemistry, announces plans to acquire from Arkema its shares in Febex, the European market leader for phosphoric acid in the electronics industry.

With 97% of the shares held, Prayon will become the majority shareholder in the company based in Bex, Switzerland, which employs around 50 people with a turnover of €32 million in 2021. Febex is the European leader in the production and sale of electronic-grade phosphoric acid used, for example, in the manufacture of printed circuits and semiconductors. With its ultra-pure phosphoric acid and state-of-the-art facilities, it also offers solutions that meet the highest standards of the pharmaceutical industry.

This project marks an important step in strengthening Prayon’s position in phosphorus chemistry. The Group will thus enter the electronics market, which has strong growth potential in Europe and the United States. The acquisition will also enable the Group to enter the pharmaceutical sector, gain access to the polyphosphoric acid market and broaden the range of industrial solutions downstream of purified phosphoric acid production, in which the Group remains the strong European leader.

“We are delighted to be able to welcome Febex’s teams in the Prayon Group, to pool our expertise in phosphorus chemistry and to study together the opportunities for growth beyond our existing activities,” commented Geoffrey Close, Prayon’s CEO.

This project, which is expected to be completed in the first quarter of 2023, is subject to the approval of the relevant Swiss authorities.

See the French and Dutch versions :

Prayon annonce le projet d acquisition de Febex et entre sur le marché de l’électronique
FR
Prayon kondigt plannen aan om Febex over te nemen en de elektronicamarkt te betreden
NL

Contact :

Corine Petry
Head of Communications
E-mail: CPetry@prayon.com
Mobile: +32.474.84.42.78

About Prayon

Phosphorus chemistry is vital to us all. At Prayon, we have a real passion for what we do. With a heritage of over 130 years of experience, our 1,200 employees are committed to delivering innovative solutions to our customers to improve their products, from building materials to cars, horticulture, food and health and hygiene products. At Prayon, we are also proud to provide innovative technical solutions, world-class equipment and high-quality products that set the pace in the world of phosphorus. Committed to building a sustainable future, we are developing more efficient processes, protecting resources and promoting a circular economy.

Based in Belgium, the Prayon Group has production sites in Belgium, France and the United States and is owned by two shareholders, Office Chérifien des Phosphates (OCP) and Société Régionale d’Investissement de Wallonie (SRIW).

 

 

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