Triton completes Rütgers sale to Rain CII
Zelzate (Belgium) 04/01/2013 - Funds advised by Triton have successfully closed the deal to sell the specialty chemicals manufacturer RÜTGERS to Rain CII, a subsidiary of the Indian industrial group Rain Commodities Limited. The signing between the two parties took place on October 21, 2012.
Peder Prahl, director of the General Partner of Triton II Fund, said: "Today we successfully conclude our four-and-a-half-year long commitment to Rütgers. We are confident that RÜTGERS will continue its growth under Rain's ownership. We wish the company and all its employees continued success."
Under Triton's ownership since 2008, RÜTGERS has focussed on organic growth together with the international expansion of its business. The company invested in new facilities and formed targeted joint ventures in emerging markets. This has led to an approximate 25 per cent increase in sales and double-digit operating margins. RÜTGERS now has around 1,000 employees operating from eight production sites worldwide.
About RÜTGERS Group
For more than 160 years, RÜTGERS has been setting standards as a manufacturer of high-quality basic and specialty chemicals. The company has around 1,000 employees at eight international production sites maintaining the highest standards to protect people and the environment. RÜTGERS secures its supply of raw materials and operates an efficient logistics network to ensure on-time supply of pitch products, technical oils, aromatic resins and other basic chemicals.
For more information: www.ruetgers-group.com
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.
Founded in 1997, Triton seeks to pro-actively 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 23 companies currently in Triton's portfolio have combined sales of approximately €11.9 billion and over 46,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in China, Jersey, Germany, Luxemburg, Sweden and the UK.
For further information: www.triton-partners.com