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.
About Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton Partners has over 150 investment professionals and value creation experts across eleven offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.