Prayon acquires the Liberty administrative building in Flémalle
Engis, February 17th, 2023 – After analyzing several options for acquiring space for its for its future deployment,Prayon, in partnership with the Liège investment fund Noshaq, has announced the finalization of the acquisition of the Liberty administrative building in the town of Flémalle.
The Prayon Group, which has been present in the Liège region for over 140 years, is demonstrating its role as a local economic driver with international reach.
By acquiring the building, which is located five minutes from its Engis site, Prayon aspires to breathe new life into the building and to reduce its environmental footprint.
The move is scheduled to take place in 2024, as the Flémalle building, which will regroup the majority of the group’s administrative activities, will need to be refurbished (air conditioning, IT, etc.). It will provide current and future employees with better working conditions and functionalities, including a larger number of meeting rooms and a cafeteria, in response to the needs expressed in a participatory survey conducted with staff.
All of Prayon’s production activities at its main site in Engis will be maintained.
According to Frédéric Driessens, CEO of Noshaq Immo: “This acquisition is in line with Noshaq Immo’s ambitions to upgrade an existing building to benefit the economic and industrial development of the Liège region”.
“This decision reflects the ambition of Prayon, an international player in phosphorus chemistry with strong local roots, to continue to develop over the long term,” concludes Geoffrey Close, CEO of Prayon.
Contact :
Corine Petry, Head of Communications
E-mail: CPetry@prayon.com
Mobile: +32.474.84.42.78
About Prayon
Phosphorus chemistry is vital to us all. At Prayon, we have a real passion for what we do. With a heritage of over 140 years of experience, our 1,400 employees are committed to delivering innovative solutions to our customers to improve their products, from building materials to cars, electronics, horticulture, food and health and hygiene products. At Prayon, we are also proud to provide innovative technical solutions, world-class equipment and high-quality products that set the pace in the world of phosphorus. Committed to building a sustainable future, we are developing more efficient processes, protecting resources and promoting a circular economy.
Based in Belgium, the Prayon Group has production sites in Belgium, France and the United States and is owned by two shareholders, OCP and Wallonie Entreprendre (WE).
About Noshaq
Noshaq is a Belgian investment fund and project developer with a portfolio of 464 companies and 600 million euros of resources. Noshaq is the financial partner of reference for the creation and development of SMEs in the Liege region (Belgium). Over the years, Noshaq has developed a range of financing vehicles in line with the needs and trends of the market and with its strategy. Each service offer proposed by Noshaq is always determined according to the demand and the needs of the owner-investor. The objective is always to have a leverage effect on the development of the company.
www.noshaq.be