A NEW MAGNESIA PARTNERSHIP: VAN MANNEKUS & CO. B.V.
NOW JOINTLY OWNED BY GRECIAN MAGNESITE S.A. AND POSSEHL ERZKONTOR GMBH
Grecian Magnesite S.A., Athens/Greece, Europe's leading producer of magnesia has bought a 50% stake in Van Mannekus & Co. B.V., Schiedam/Netherlands, from Possehl Erzkontor GmbH, Luebeck/Germany, which retains the remaining 50% stake.
Van Mannekus & Co. B.V. is a well established processor and trader of magnesia. The brands 'Floormag' and 'Stonemag' are the benchmarks for the construction/sorel industries. The premises of the company cover 25.000 m2 and are located in the port of Rotterdam providing excellent logistic services to destinations around the world.
Possehl Erzkontor GmbH is a trading company belonging to the Possehl Group with worldwide industrial and trading activities. Possehl Erzkontor GmbH is specialized in international trade of a wide range of industrial minerals for the refractory, foundry, metallurgical, plastics and other industries.
Grecian Magnesite S.A. is Europe's leading producer and supplier of caustic calcined magnesia dedicated to a wide range of industries. The company also produces magnesium carbonate grades for specialty applications. Grecian Magnesite S.A. participates in Magnesitas Navarras in Spain, Premier Chemicals LLC in the USA and Akdeniz Mineral Kayanaklari in Turkey.
The acquisition strengthens the position of both shareholders as global suppliers of magnesia products by offering a wider range of tailor-made caustic calcined magnesia grades. Van Mannekus & Co. B.V. benefits from both Grecian Magnesite's Research & Development capabilities and Possehl Erzkontor's international network for sourcing and sales.
The partnership provides Van Mannekus & Co. B.V. with greater access to magnesia sourcing which allows them to further develop its position in most industrial markets of magnesia.