DGAP-News: Pyrolyx AG / Key word(s): Acquisition/Mergers &
Acquisitions
Pyrolyx AG: Pyrolyx AG Completes Merger with cct Stegelitz GmbH and
Expands
03.06.2015 / 11:45
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Pyrolyx AG Completes Merger with cct Stegelitz GmbH and Expands
Munich, June 3, 2015
The Munich-based Pyrolyx AG has today completed its merger with cct
Stegelitz GmbH. cct will be integrated into the Pyrolyx Group, which as a
result, will become the world's largest manufacturer of rCB (recovered
carbon black). Pyrolyx will invest in cct's production site in
Saxony-Anhalt and substantially increase its production capacity. Dr.
Philipp Theden, hitherto the CEO of cct AG, has joined the Management Board
of Pyrolyx AG.
rCB is obtained from shredded end-of-life tires and used to make new tires
as well as other rubber and plastic items. The Pyrolyx Group's patented
process, which will now be implemented on an industrial scale in Stegelitz,
parallel to cct's own process, creates a sustainable closed recycling loop
for the tire and technical rubber industries.
Niels Raeder, CEO of Pyrolyx AG, said: "By taking over cct Stegelitz GmbH
and building a commercial Pyrolyx production plant, we are forging a
corporation specializing in end-of-life tire recycling and the production
of rCB which is unique. Our manufacturing process significantly cuts CO2
emissions compared to conventional carbon black production. The merger of
the two companies will result in a group whose cutting-edge technology and
employees' expertise will contribute to climate protection."
Bernhard von Reiche, Chairman of the Supervisory Board of cct AG, declared:
"For us, the merger is a logical decision because the core competencies of
both companies complement each other superbly. The integration of cct into
the Pyrolyx Group will ensure the technological and financial conditions
required for international expansion and the swifter growth of production
capacity. We are very pleased that this integration will create a good
basis for the successful global implementation of this ecologically
precious process."
About Pyrolyx
The Pyrolyx Group is the world leader in the extraction of rCB (recovered
carbon black) from end-of-life tires. Conditioned rCB is incorporated in
the manufacture of new tires as well as plastic and rubber items.
This green technology enables the Pyrolyx Group to reduce the increasing
global problem of end-of-life tires. The Pyrolyx process results in a
substantially lower carbon footprint - compared to conventionally produced
carbon black: Pyrolyx technology reduces CO2 emissions by up to 2.5 tonnes
per tonne of CB. In short, the Pyrolyx process creates a sustainable closed
recycling loop for the tire industry. The by-products from rCB production
are recycled into the process as fuel or employed in the manufacture of
other items.
In 2015, Pyrolyx AG acquired cct Stegelitz GmbH and is currently increasing
production capacity at its site in Saxony-Anhalt (Germany), where cct has
been producing rCB using a batch process since 2012. The acquisition of
cct positions the Pyrolyx Group to be the only company in the world
offering both continuous and batch production, thereby serving all
addressable carbon black markets. Production in Stegelitz is ISO 9001:2008
and ISO 14001:2004 certified.
Pyrolyx owns the intellectual property rights to Pyrolyx environmental
technology and has various patents concerning the industrial production of
carbon black.
Pyrolyx AG is quoted on the Düsseldorf Stock Exchange (WKN A0MFXR).
For further information, please visit us at www.pyrolyx.com and
www.carbon-clean-tech.com.
Contact:
Rolf-Hendrik Arens
VP Communications
arens@pyrolyx.com
www.pyrolyx.com
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Language: English
Company: Pyrolyx AG
Nymphenburger Str. 70
80335 München
Germany
Phone: +49 (0)89 856 335 50
Fax: +49 (0)89 856 335 55
E-mail: info@pyrolyx.de
Internet: www.pyrolyx.com
ISIN: DE000A0MFXR8
WKN: A0MFXR
Listed: Regulated Unofficial Market in Dusseldorf
End of News DGAP News-Service
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364975 03.06.2015
DGAP-News: Pyrolyx AG: Pyrolyx AG Completes Merger with cct Stegelitz GmbH and Expands
| Source: EQS Group AG