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Wacker acquires silicon metal production site in Norway

Wacker Chemie AG has concluded its acquisition of a silicon metal production site in Holla, Norway from the Fesil Group. The deal is worth €65 million.

Rudolf Staudigl. Image: Wacker Chemie AG.

The transaction, announced early last month, has now been cleared by the relevant antitrust authorities and approved by Wacker’s and Fesil’s supervisory bodies. Under the terms of the transaction, Wacker will take over all of Fesil’s production facilities in Holla, including the related real estate.

The strategic acquisition, says the company, is a key step in securing its long-term supply of silicon metal. “This strategic acquisition is a key step in securing our long-term supply of silicon metal,” said Group CEO Rudolf Staudigl in an earlier release. “Acquiring Holla makes us more independent of raw-material price fluctuations and increases our supply security during peak-demand periods.”