Ineos Enterprises plans purchasing Sasol Solvents Germany GmbH

Ineos to acquire Sasol’s solvents business in Germany

12:09 PM, 18th December 2013
Ineos Enterprises business acquisition news

ROLLE, SWITZERLAND: Ineos Enterprises has agreed to purchase Sasol Solvents Germany GmbH, one of Europe’s leading solvent manufacturers. The acquisition which is conditional on approval by the relevant competition authorities comprises production facilities in Germany, based at Herne and Moers, employing around 520 people.

The facility at Herne, in Germany’s industrial Ruhr district, manufactures ethanol and isopropyl alcohol, as well as catalysts for both processes. The Moers site, on the Lower Rhine, produces oxygenated solvents isopropyl alcohol (IPA) and secondary butyl alcohol (SBA), which is upgraded on site into methyl ethyl ketone (MEK). The plant also produces plasticisers, synthetic resins and fine chemicals such as alkyl chlorides and aluminium organic compounds.

“The addition of this solvents business broadens the Ineos Enterprises portfolio and presents new opportunities for integration into some of our existing upstream sites in Germany. These are good quality, well placed assets, complemented by a very experienced operations team and high safety, health and environmental standards,” said Ashley Reed, CEO, Ineos Enterprises.

 

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