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Ineos completes sale of Sulphur Chemicals business

| By Mary Bailey

Ineos Enterprises (London, U.K.) has announced completion of the sale of its Sulphur Chemicals business to International Chemical Investors Group.

Ineos’ Sulphur Chemicals business is Spain’s largest dedicated manufacturer of sulfuric acid and oleum serving end-applications ranging from agriculture to chemical intermediates. Its 400,000-ton 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, Northern France. WeylChem is wholly owned by the International Chemical Investors Group.

The agreement is an important step in the continued development of both businesses and presents new opportunities to the 50 employees based in Bilbao as they join what will be one of the leading European Sulphur Chemicals companies.

“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 WeylChem Group of Companies states “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.”

The consideration for the transaction is not disclosed.