Triton sells RÜTGERS to Rain CII
(firmenpresse) - (DGAP-Media / 22.10.2012 / 07:51)
Triton sells RÜTGERS to Rain CII
- RÜTGERS sold for gross enterprise value of EUR 702 million
- Complementary products and geographic presence
- Transaction expected to close in first quarter 2013
- RÜTGERS' sales up 25 percent since acquisition in 2008
- 'Together both companies will have a large and well-balanced product
portfolio coupled with better international reach,' said Henri
Steinmetz, CEO of RÜTGERS
Zelzate (Belgium) 22/10/2012 - Funds advised by Triton have sold specialty
chemicals manufacturer RÜTGERS to Rain CII, a subsidiary of Indian
industrial group Rain Commodities Limited, for a gross enterprise value of
EUR702 million.
Rain CII is one of the world's leading producers of calcined petroleum coke
and is a major supplier to the world's aluminium industry. Operations
include calcining plants in the United States, India and China together
with three deep-water shipping terminals. Founded in 1849, RÜTGERS is
Europe's leading producer of coal tar chemicals and is a global raw
materials supplier to various industries with a geographic focus in Europe,
Russia, Americas and the Middle East. With the acquisition, Rain CII will
expand its product offering and geographic footprint.
'RÜTGERS and Rain CII have complementary products and geographic presences.
Together both companies will have a large and well-balanced product
portfolio coupled with better international reach,' said Henri Steinmetz,
CEO of RÜTGERS. 'Our investments in existing sites and new facilities in
the Netherlands and Russia provide for new innovative products and further
strengthened market positions. RÜTGERS is today well positioned to continue
to prosper and we believe that Rain CII has the credentials to and will be
a good owner for RÜTGERS'.
'We are pleased with the development of RÜTGERS under the four and a half
years of Triton ownership. Henri and the management team, together with the
board and all employees, have done a fantastic job over many years,' said
Peder Prahl, director of the General Partner of Triton Fund II. 'We would
like to thank all employees for their contributions during Triton's
ownership'.
Since 2008 RÜTGERS has focussed on organic growth together with targeted
joint ventures for international expansion. This has led to an
approximately 25 percent increase in sales and double digit operating
margins. RÜTGERS today has around 1,000 employees operating from eight
production sites worldwide. The company's latest step in expanding its
business internationally was the formation of the joint venture 'Severtar'
with Russian steel producer Severstal in March 2012. 'Severtar' is
currently establishing production facilities north-east of Moscow which
will serve the growing aluminium markets in the Middle East.
The transaction is still subject to approval by relevant regulatory
authorities and is expected to close in the first quarter of 2013.
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.
For more information: www.ruetgers-group.com
Media contact RÜTGERS
Annekatrin Sonn
Tel.: +49 2305 705 224
E-Mail: annekatrin.sonn(at)ruetgers-group.com
About Triton
Triton is a successful investment firm dedicated to investing in and the
positive development of medium-size businesses headquartered in Northern
Europe - with a focus on Germany, Switzerland, Austria and the four Nordic
countries: Denmark, Finland, Norway and Sweden. Within this European
region, Triton focuses on businesses in the Industrial, Business Services,
and Consumer / Health sectors.
Founded in 1997, Triton seeks to pro-actively 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 23 companies currently in Triton's portfolio have combined
sales of approximately EUR11.9 billion and over 46,000 employees.
For further information: www.triton-partners.com
Media contact Triton
Max Hohenberg
CNC Communications&Network Consulting AG
Tel.: +49 172 899 6264
E-Mail: Max.Hohenberg(at)cnc-communications.com
End of Media Release
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Issuer: Triton Beteiligungsberatung GmbH
Key word(s): Finance
22.10.2012 Dissemination of a Press Release, transmitted by DGAP - a
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