Safic divests silicone compounder to Silcomp

Paris--Safic Alcan has sold its silicone compounding activities to Silcomp France SA.

Martial Lecat, director general of Safic said the decision was made to allow Safic to concentrate on its activities of distribution and to ensure there was no conflict of interest with customers, who might themselves be compounders.

Lecat told customers in a letter that he had every confidence the new owners would develop the business in a positive direction and that customers would experience the same high levels of service they had come to expect from the silicone compounding unit.

Silcomp France is a subsidiary of Sicomp Germany GmbH, a major processor and compounder of silicone- and fluoro-elastomers in Germany, according to the Safic statement.