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Thursday, 2 August 2018

Ineos completes sale of Ineos Baleycourt, Ineos ChloroToluenes

Following clearance from the European Commission, Ineos Enterprises has concluded the sale of Ineos Baleycourt and Ineos ChloroToluenes (ICT) to Valtris Specialty Chemicals. Valtris is owned by HIG Capital LLC, a global private equity investment firm with $25 billion of equity capital under management.   
Ineos ChloroToluenes is a leading producer of chlorinated toluenes and related derivatives used in coatings, flavour & fragrance, personal care and pharmaceutical applications. It has production facilities in Belgium and the Netherlands. Ineos Baleycourt produces high-quality products for the polymer additives, lubricant, renewable energy and food markets. It is based in northeast France. The combined businesses employ around 250 people and all will transfer as part of this deal. 

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