Bühler sells 80% of Polymetrix shares to Sanlian
Uzwil, Switzerland, November 15, 2017 – The Bühler Group sold 80% of its share holding of Polymetrix to the Chinese engineering group Sanlian and remains a minority shareholder. After the closing, Polymetrix will operate under the name of Polymetrix, a Sanlian-Bühler Company.
The Bühler Group held again 100% of Polymetrix after the buyback of all shares held by a third-party in July 2017. On November 10, 2017, the Bühler Group and Beijing Sanlian Hope Shin-gosen Technical Service Co. signed a share purchase agreement for 80% of the Polymetrix shares. With its 20% ownership, the Bühler Group remains a minority shareholder of Polymetrix. The transaction is subject to approval by the Chinese state and stock exchange regulations. Closing is expected for the beginning of 2018. After the closing, Polymetrix will operate under the name of Polymetrix, a Sanlian-Bühler Company.
With Sanlian’s focus on the polyamide industry and Polymetrix’ offering for the PET industry, the companies’ solutions portfolios are highly complementary. Also, the two entities are geographically matching, as Sanlian focuses on the Chinese market, while Polymetrix serves markets worldwide.