Bekaert and Argynnis Group AB of Sweden signed and closed an agreement today regarding the sale of all shares of Solaronics SA to Argynnis. The transaction covers the production facility in Armentières (France) and an international sales & services network.
An in-depth analysis showed that the further growth potential of the drying business of Bekaert Combustion Technologies be best secured by entrusting its future potential to an organization combining the competences of two complementary industry players.
The divestment of the drying activities is a confirmation of Bekaert's strategic focus on steel wire transformation and coating technologies, the Group's core competences.