Announced
Completed
Financials
Sources
Tags
wax manufacturing
Single Bidder
Germany
Friendly
Chemicals: Diversified
chemical manufacturing
Cross Border
wax technology
Acquisition
Private
Completed
Majority
Synopsis
AWAX Group, an international group of companies exclusively focused on waxes, completed the acquisition of the German wax business of Sasol, a South African energy and chemical company. Financial terms were not disclosed. "Sasol Wax has the most advanced wax hydrogenation facility in the world. With this acquisition the Group will further expand its wax product portfolio and strengthen its technological leadership in the wax market," Giuseppe Ambroggio, AWAX CEO.
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