INEOS Enterprises Completes Sale of Sulphur Chemicals Business
LONDON — INEOS Enterprises recently announced completion of the sale of its Sulphur Chemicals business to International Chemical Investors Group. INEOS Sulphur Chemicals business is reportedly Spain’s largest dedicated manufacturer of sulphuric acid and oleum, serving end-applications ranging from agriculture to chemical intermediates. Its 400,000-tonne manufacturing facility is located in Bilbao, northern Spain.
The business will become part of WeylChem’s advanced intermediates and reagents portfolio, which includes an existing sulphuric acid and oleum plant located in Lamotte, France. WeylChem is wholly owned by the International Chemical Investors Group.
“I am very pleased to have completed the sale of the INEOS Sulphur Chemicals business, which now becomes part of a strategic business unit within International Chemical Investors Group,” said Ashley Reed, CEO INEOS Enterprises. “The business is an attractive addition to WeylChem’s advanced intermediates and reagents portfolio that will help secure future development and growth, to meet customer needs in Europe.”
Dr. Uwe Brunk, CEO of the WeylChem Group of companies, said, “This acquisition underlines our commitment to bolstering our position as a strategic partner in advanced intermediates and reagents. INEOS Sulphur Chemicals and our French operations at WeylChem Lamotte complement each other perfectly. This combined business will be an agile, customer-focused player with superior services and supply certainty provided to demanding customers across Europe.”
For more information about ICIG, visit www.ic-investors.com. Visit www.ineosenterprises.com to learn more about INEOS Enterprises.
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