As part of the realignment of SGL Carbon, strategic options were developed for all Business Units. In this context, the site network of the Business Unit Composite Solutions was also reviewed. The Composite Solutions Business Unit offers customer-oriented and tailor-made solutions based on carbon and glass fibers for high-tech applications in the automotive, aerospace, energy and other industrial sectors.
The review revealed that the Gardena site (California, USA) should no longer be embedded in the strategic alignment. Against this background, SGL Carbon sold its business activities at the Gardena site to an affiliate of Tex-Tech Industries, Inc., effective February 16, 2023. This also includes all plant and machinery as well as customer contracts served from the Gardena site that will be fulfilled by the buyer in the future. The employees of the site were also taken over by the buyer. The property will remain in the possession of SGL Carbon and will be leased to the buyer for use.
In the future, the Composite Solutions business unit will serve its North American business from Arkadelphia site (Arkansas, USA) which is being expanded as a hub for the manufacturing of composite components, in particular for large-volume orders from North American automotive customers.
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SGL CARBON SE
Wiesbaden
- ISIN DE00723501 -
Disclosure of material transactio...
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