Back to News

Borealis acquires GPN SA and majority of Rosier SA

European market supports growth plans
Grandpuits

© GPN SA

Borealis, a leading provider in the fields of polyolefins, base chemicals and fertilizers, announced today that it has fully acquired GPN SA from the TOTAL Group.

GPN SA is France’s largest nitrogen fertilizer manufacturer. Borealis is already active in nitrogen fertilizers in Central Europe, as well as in France following its acquisition of PEC-Rhin S.A., today known as Borealis PEC-Rhin SAS, in early 2012.

In joining Borealis, GPN — which is well established in France — will enjoy new growth opportunities. In the production sites (Grandpuits, Grand-Quevilly and Gratecap) and the Paris office GPN France employs around 760 employees, all of which will be transferred to Borealis.

On the same date, Borealis closed an agreement with TOTAL to acquire its majority interest of 56,86% in Rosier SA. Rosier – listed on NYSE Euronext Brussels - is a mineral fertilizer manufacturer with two production facilities (Moustier in Belgium and Sas van Gent in the Netherlands) and markets its products in more than 80 countries worldwide. Rosier generated sales of EUR 278 million in 2012.

“These acquisitions are in line with our strategy to grow our fertilizer business, to keep our number 1 position in Central and Eastern Europe and to become a leading producer in Europe”, says Mark Garrett, Borealis Chief Executive. “We believe that fertilizers in Europe are an economically sustainable and attractive area of activity and we are committed to invest in the assets to ensure reliable production and customer service. We are happy to welcome our new colleagues in France, Belgium and the Netherlands to the Borealis Group and are looking forward to a successful integration.”

Borealis has started the integration of the GPN and Rosier sites and their activities, a process in which safety and business continuity are key. “Borealis has a clear commitment to the fertilizers business in Europe. The GPN and Rosier acquisitions are an important factor in the future of our activities,” explains Markku Korvenranta, Executive Vice President Base Chemicals. “With a focus on safe operations and business continuity, I am convinced we’ll make this a successful journey.”

END

For further information please contact:

Virginia Mesicek, External Communications Manager
Tel. +43 (0)1 22 400 772 (Vienna, Austria)
e-mail: virginia.mesicek@borealisgroup.com 

Grandpuits

© GPN SA

Downloads
Borealis acquires GPN SA and majority of Rosier SA English, Dutch, French, German
Grandpuits © GPN SA
Media Contact
Virginia Wieser
Senior Manager, Corporate Communications, Brand & Reputation
+43 1 22 400 772
media@borealisgroup.com

Latest News

Media Release – 20/09/2022

Borealis appoints Jonatas Melo as Vice President Performance Materials

Read more

Media Release – 15/09/2022

On presents the first ever shoe made from carbon emissions in partnership with LanzaTech, Borealis and Technip Energies

Read more

News – 18/08/2022

Borealis to retender the majority of contracts for PDH construction site in Kallo, Belgium, after termination of all contracts with IREM

Read more

News – 04/08/2022

Borealis suspends construction in Kallo after serious allegations against contractor and continues to support Belgian authorities in investigation

Read more

News – 01/08/2022

Borealis prolongs stand-still for its Propane Dehydrogenation (PDH) plant construction site in Kallo, Belgium

Read more

Media Release – 27/07/2022

Borealis suspends contract with IREM-Ponticelli and declares a three-day stand-still for its construction site in Kallo, Belgium

Read more

Media Release – 21/07/2022

Borealis announces the start-up of New Ethane Cracker at its Joint Venture Baystar in Port Arthur, Texas

Read more

Media Release – 14/07/2022

Borealis appoints Sandra Mueller as General Counsel and Vice President Legal and Compliance

Read more

Media Release – 24/06/2022

Project STOP celebrates major milestones achieved to stop waste leaking to the environment by creating a more circular waste management system in Indonesia

Read more