Total S.A.
01 September 2005
Acquisition of the Goodyear Tire & Rubber Company's
Hydrocarbon Resin Business Finalized
Paris - September 1st, 2005 - Through subsidiaries Cray Valley and Sartomer,
Total has finalized the acquisition of the Goodyear Tire & Rubber Company's
petroleum hydrocarbon resin business, announced in June. The agreement takes
effect on September 1, 2005.
With this transaction, Cray Valley/Sartomer acquires the Wingtack(R) family of
tackifying resins, which enjoys a strong reputation in the industry and reported
sales of approximately $80 million in 2004.
The new CrayValley/Sartomer petroleum hydrocarbon resin business is now ranked
No. 3 in the world, with a comprehensive range of C5 and C9 resins and
manufacturing operations in Carling, France, and Channelview and Beaumont,
Texas.
The acquisition strengthens Total's position in the resins market and
consolidates its standing as a top-tier chemicals operator.
* * * * * *
Total is the fourth largest oil and gas company in the world with operations in
more than 130 countries. Total's activities cover the whole energy chain of the
petroleum industry: exploration, oil and gas production, refining and marketing,
trading and power generation. The Group is also a major player in chemicals.
Total has more than 111,000 employees worldwide. More information can be found
on the company's website: www.total.com
This information is provided by RNS
The company news service from the London Stock Exchange
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