- The business will become part of the WeylChem Group of Companies, the fine chemicals platform owned by the International Chemical Investors Group.
- The combined business, which includes an existing sulphuric acid and oleum plant in Lamotte, Northern France, will become one of the leading European Sulphur Chemicals companies.
INEOS Enterprises has today announced completion of the sale of its Sulphur Chemicals business to International Chemical Investors Group.
INEOS Sulphur Chemicals business is Spain’s largest dedicated manufacturer of sulphuric acid and oleum serving end-applications ranging from agriculture to chemical intermediates. Its 400,000 tonne state of the art manufacturing facility with an excellent sustainability footprint is located in Bilbao, Northern Spain.
The business will become part of WeylChem’s advanced intermediates and reagents portfolio which includes an existing sulphuric acid and oleum plant located in Lamotte, Northern France. WeylChem is wholly owned by the International Chemical Investors Group.
The agreement is an important step in the continued development of both businesses and presents new opportunities to the 50 employees based in Bilbao as they join what will be one of the leading European Sulphur Chemicals companies.
“I am very pleased to have completed the sale of the INEOS Sulphur Chemicals business, which now becomes part of a strategic business unit within International Chemical Investors Group,” said Ashley Reed CEO INEOS Enterprises. “The business is an attractive addition to WeylChem’s advanced intermediates and reagents portfolio that will help secure future development and growth, to meet customer needs in Europe.”
Dr. Uwe Brunk CEO WeylChem Group of Companies states “This acquisition underlines our commitment to bolstering our position as a strategic partner in advanced intermediates and reagents. INEOS Sulphur Chemicals and our French operations at WeylChem Lamotte complement each other perfectly. This combined business will be an agile, customer-focused player with superior services and supply certainty provided to demanding customers across Europe.”
The consideration for the transaction is not disclosed.
ENDS.
Media contacts
Richard Longden (INEOS) 0041 21 627 7063 or 0041 7996 26123
Andrew McLachlan (MediaZoo) 020 7384 6980 or 07931 377162
Sibel Cumcu (ICIG) 0049 69 506 999 0
Notes to editors.
About ICIG
International Chemical Investors is a privately owned industrial group with total sales of EUR 2 billion. ICIG is focusing on three main platforms: Pharmaceuticals under the CordenPharma brand, Fine Chemicals under the WeylChem brand and Chlorovinyls under the Vynova brand. Since its inception in 2004, ICIG has grown to operate more than 20 independent chemicals and pharmaceutical businesses, all of which have origins in major global chemical or pharmaceutical corporations. Today, ICIG companies employ approximately 5,685 employees and operate more than 25 manufacturing facilities in Europe and the United States.
For more information, visit www.ic-investors.com to learn more.
About WeylChem
WeylChem Group of Companies is the fine chemicals platform of the International Chemicals Investors Group. With nine companies in Europe and North America, WeylChem employs more than 1,380 people. Visit: www.weylchem.com to learn more.
About INEOS Enterprises
INEOS Enterprises is a global market leader in the production of intermediary chemicals. We have a diverse portfolio of chemical products that are used as an essential input into chemical value chains across a broad variety of end markets and sectors, such as paints, coatings, construction, automotive, packaging and medical devices. We serve these sectors with an extensive manufacturing presence in North America, Europe and China, with 25 manufacturing plants across the UK, US, France, Germany, Sweden, Switzerland, Canada, Spain, Finland, Poland and China. We have sales of €2.7bn and employ 3,100 people Visit INEOS Enterprises to learn more.