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12.22.2015

INEOS Enterprises to acquire Befesa’s Spanish sulphuric acid plant

Ratingen, 20 December 2015 - Befesa intends to sell 100% of the shares of Befesa Valorización de Azufre, S.L.U (BVA) to INEOS Enterprises, a global manufacturer of petrochemicals, speciality chemicals and oil products. The parties have agreed not to disclose any financials.

Befesa Valorización de Azufre´s activities are based on the recovery and reuse of residual Sulphur from the petrochemical industry, including energy generation. The plant, that has the capacity to treat 120,000 tonnes of sulphur and produce 350,000 tonnes of sulphuric acid and oleum, also generates approximately 90,000 megawatts of electricity per annum.

About Befesa:

Befesa is an international company specialized in metal recycling and industrial environmental solutions. It operates more than 30 assets and employs more than 1.800 people in 15 countries around the world.

About Triton

The Triton funds invest in and support the positive development of medium-sized 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.

About INEOS

INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 15 businesses each with a major chemical company heritage. Its businesses produce the raw materials that are essential in the manufacture of a wide variety of goods: from paints to plastics, textiles to technology, medicines to mobile phones.

Befesa Valorización de Azufre, Playa de Ereaga