INEOS Enterprises to acquire Befesa’s Spanish sulphuric acid plant
Luxembourg, 14 December 2015 - Triton Fund IV Portfolio Company Befesa intends to sell 100% of the shares of Befesa Valorización de Azufre, S.L.U (BVA) to INEOS Enterprises, a global manufacturer of petrochemicals, speciality chemicals and oil products. The parties have agreed not to disclose any financials.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses 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 over €13.8 billion and over 59,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com
INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 15 businesses each with a major chemical company heritage. Its network spans 65 sites in 16 countries throughout the world generating a turnover of $54bn in 2014. INEOS products make a significant contribution to saving life, improving health and enhancing standards of living for people around the world. Its businesses produce the raw materials that are essential in the manufacture of a wide variety of goods: from paints to plastics, textiles to technology, medicines to mobile phones - chemicals manufactured by INEOS enhance almost every aspect of modern life.
For further information: www.ineos.com
Phone: +49 69 921 02204