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Announced

Completed

AWAX Group completed the acquisition of the German wax business of Sasol.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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wax manufacturing

Single Bidder

Germany

Friendly

Chemicals: Diversified

chemical manufacturing

Cross Border

wax technology

Acquisition

Private

Completed

Majority

Synopsis

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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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