Triton completes sale of COBEX
Frankfurt / Wiesbaden (Germany), Tokyo (Japan) 29 July 2019 – Funds advised by Triton (“Triton”) have completed the sale of COBEX, a leading manufacturer and supplier of carbon and graphite products used in the aluminium, primary iron and other smelting industries, to Tokai Carbon Co., Ltd. (“Tokai Carbon”), a pioneer in the Japanese carbon products industry, for an Enterprise Value of EUR 825 million. Triton acquired COBEX, the former Cathodes, Furnace Linings and Carbon Electrodes business of SGL Group in 2017.
COBEX is a global leader in the manufacture of carbon and graphite products for the primary aluminum and iron making industry and other metallurgical smelting processes. COBEX’s core areas of expertise lie in the manufacture of cathodes, furnace linings and carbon electrodes in premium quality and with maximum consistency. COBEX enjoys long-standing, trust-based partnerships with numerous customers around the world. Through innovative solutions, COBEX helps its customers create added value and optimize total cost of ownership. A highly skilled team with years of experience in product development and application assists our customers with their technical knowledge and expertise. COBEX is based in Wiesbaden, Germany. The company also has two plants in Poland and sales and technical services in China.
For further information: www.cobexgroup.com/en/
About Tokai Carbon
Founded in 1918, Tokai Carbon has for over 100 years been the market leader in the production and sale of a broad range of high-quality carbon and graphite products servicing numerous global customers in wide range of industries such as steel, autos, semiconductors, and electronic components. Tokai Carbon has developed and delivered cutting-edge know-how for carbon products to meet customers’ needs. Tokai Carbon maintains a global network of 42 business locations across 10 countries in Asia, Europe and North America. It posted consolidated sales of JPY 231 billion and total assets of JPY 317 billion in the fiscal year ending December 31, 2018. Tokai Carbon is listed on the Tokyo Stock Exchange.
For further information: www.tokaicarbon.co.jp/en/
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
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 37 companies currently in Triton's portfolio have combined sales of around €14.6 billion and around 72,400 employees.
For further information: www.triton-partners.com