Befesa closes the sale of Solarca, Befesa Perú and Befesa Chile
Ratungen (Germany), 4 April 2017 – Befesa, a Triton Fund Triton IV company, has closed the sale of Solarca, a company that specializes in industrial maintenance services using chemical cleaning, and Befesa Perú and Befesa Chile, companies that specialize in processing hazardous waste in Latin America to Séché Environnement. The purchase price has not been disclosed.
This sale, together with the divestment of other subsidiaries in Befesa’s Environmental Services (IES) business unit, will enable Befesa to consolidate its leading position in the markets in which it currently operates and grow in new markets.
Befesa’s will focus on its core service activities: recycling steel dust and aluminium salt slags. The demand for both of these services is driven by favourable mega trends such as higher hazardous waste generation as well as stricter environmental regulation.
Befesa is a European market leader in niche industrial services. It specialises in hazardous work handling and recycling services of steel dust and salt slags for the secondary steel and aluminium industry. The Company also provides aluminium recycling services. Befesa’s recycling plants are located in Germany, Spain, Sweden, France, the UK, Turkey and South Korea. The Company provides its services on a global basis.
For further information: www.befesa.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 29 companies currently in Triton's portfolio have combined sales of around €13.8 billion and around 76,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, Luxembourg and Jersey.
For further information: www.triton-partners.com