DENMARK: PHONIX TAG TO BE SOLD OFF

Article Abstract:

The Norwegian group Rieber & Son is to sell off Phonix Tag, the roofing materials division of the Danish company Phonix Contractors. Director Olav Daviknes of Phonix Contractors says negotiations have been carried out with several potential buyers, and adds that a decision will be taken in the first quarter of 2000. According to the paper, the most likely buyer is the Swedish group Trelleborg. Another potential buyer might be Isola, the minor Norwegian roofing material company.

Diversified Companies, Sweden, Roofing Tile, Other Structural Clay Product Manufacturing, Norway, Asphalt Paving, Roofing, and Saturated Materials Manufacturing, Asphalt Shingle and Coating Materials Manufacturing, Paving & Roofing Materials, Asphalt Felts, Coatings & Roofing, Roofing tiles, Building materials, Trelleborg AB, Rieber and Son A/S, Phonix Tag

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DENMARK: GH ELEMENT TO BE ACQUIRED

Article Abstract:

The Danish company GH Element is to be taken over by Betonelement, the joint venture between the companies NCC Denmark and Hojgaard Industri. GH Element has 140 employees and a DKr 135mn (USD 19mn) turnover.

Concrete, Gypsum, Plaster, Nonmetallic Mineral Product Manufacturing, Concretes, Gypsum, Plaster, GH Element A.S., Betonelement A/S

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