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Comment Business & Economics

Borealis to divest its Biosuper business in France  

By Gerald Ondrey |

Borealis AG (Vienna, Aurstia: www.borealisgroup.com) announces the divestment of its Biosuper business in France. The Biosuper brand, a phosphate-based dryer used in animal stables, and the related production equipment will be transferred to the new owner, Eliard SPCP, during the third quarter of 2014. This transaction will free up storage space for Borealis’ fertilizer products at its warehouse in La Rochelle, France. Currently, Borealis sells around 150,000 metric tons (m.t.) of fertilizers each year from La Rochelle, where around 40 people are employed. The divestment has no personnel impact, as all current warehouse employees will be needed to handle the additional fertilizer volumes. “The sale of the Biosuper business and equipment will enable a more efficient use of our assets at La Rochelle”, states Gerald Papst, Borealis vice president Business Unit Fertilizer. “Being able to handle an additional 10,000 m.t./yr of fertilizer will help us to further grow our business in France and ensure excellent service to our customers.” “The divestment of the Biosuper business is a strategic step we have taken to focus on our core fertilizer business in France,” says Markku Korvenranta, executive…
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