Ineos sells its sulphur chemicals business
Ineos has announced the completion of the sale of its sulphur chemicals business to the International Chemical Investors Group.
Ineos’ sulphur chemicals business is Spain’s largest dedicated manufacturer of sulphuric acid and oleum serving end-applications ranging from agriculture to chemical intermediates. Its manufacturing facility is located in Bilbao, Northern Spain.
No financial details disclosed
The business will become part of Weyl Chem’s advanced intermediates and reagents portfolio which includes an existing sulphuric acid and oleum plant located in Lamotte, Northern France. Weyl Chem is wholly owned by the International Chemical Investors Group. The consideration for the transaction is not disclosed.
“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.”
