Switzerland-based Ems Group — a global company with performance polymers and fine
chemicals/engineering companies operating under the name Ems -Chemie Holding AG — has purchased
Germany-based Nexis Fibers GmbH — a producer and marketer of polyamide and other specialty
technical fibers — from ExNex AG, formerly known as Nexis Fibers AG. ExNex had filed for
bankruptcy, and other business activities of the company have already been sold.
The transaction is still pending final contracts and approval from the appropriate
authorities. Exact terms of the sale were not disclosed, but the purchase price is reported to be a
number in the low single-digit millions that Ems Group will finance using its own liquid assets.
Ems Group reports the acquisition will strengthen its specialty technical fibers business,
Ems-Griltech. The company will integrate Nexis Fibers and Ems-Griltech, operating both the Nexis
production site in Neumünster, Germany, and the Ems-Griltech facility in Domat/Ems, Switzerland.
Nexis Fibers currently employs 95 people and has annual net sales of approximately 40 million
September 29, 2009