Private Equity Firm Buys Rütgers Chemicals from Evonik

Private equity firm Triton (London) has agreed to acquire Evonik Industries’ Rütgers Chemicals (Castrop-Rauxel, Germany) tar chemicals processing subsidiary. Financial terms were not disclosed, although analysts speculated prior to the agreement that Rütgers would sell for about €300 million ($438 million). The deal remains subject to approval by Evonik’s supervisory board, Evonik says. Rütgers generated 2006 sales of €650 million. Sales are expected to reach about €700 million for 2007, Evonik says. Rütgers’s...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers