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Ineos completes agreement to acquire Sasol Solvents
02
Jun '14
Following clearance from the European Commission, INEOS Enterprises has successfully completed its agreement to purchase one of Europe’s leading solvent manufacturers, Sasol Solvents Germany. The acquisition includes production facilities at Moers on the Lower Rhine, and Herne in Germany's industrial Ruhr district. 
 
The addition of Sasol’s German based European Solvents businesses provides a complementary fit with the portfolio and expertise of INEOS and opens up new opportunities within its existing manufacturing sites in Germany. 
 
Both sites and their products will now be integrated into the new business to be called INEOS Solvents, itself a part of INEOS Enterprises. 
 
Ethanol and isopropyl alcohol are produced at Herne and oxygenated solvents isopropyl alcohol (IPA), secondary butyl alcohol (SBA), and methyl ethyl ketone (MEK) are produced at Moers. The Moers plant also makes plasticisers, synthetic resins and fine chemicals such as alkyl chlorides and aluminium organic compounds.   
 
 “We are extremely pleased that the acquisition of Sasol’s site has now completed to enable us to begin the integration of the business into INEOS Enterprises.” said Ashley Reed, CEO INEOS Enterprises.  The addition of this leading solvents business broadens our portfolio and presents new opportunities for integration into some of our existing upstream sites in Germany," 
 
The new business will be able to deliver new opportunities for innovation and growth that will provide significant benefit to its customers. 
 
“We are pleased to welcome our new colleagues to INEOS as we begin to position the new INEOS Solvents business in the marketplace. This acquisition allows us to quickly expand our solvents offer giving us new opportunities for growth that will benefit our customers across Europe,” says Wolf Haenel COO (Chief Operating Officer) managing the new INEOS Solvents business. “These are good quality, well placed assets, complemented by a very experienced operations team and high safety, health and environmental standards.” he adds. 
 

INEOS

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