Taylor Wessing and Cuatrecasas advised International Chemical Investors Group (ICIG) on the deal. Slaughter and May advised INEOS Enterprises.
INEOS Enterprises has announced the sale of its Sulphur Chemicals business to International Chemical Investors Group.
INEOS Sulphur Chemicals Spain SLU is Spain’s largest dedicated manufacturer of sulphuric acid and oleum with applications ranging from the agricultural sector to chemical intermediates. The plant located in the harbour of Bilbao becomes part of the WeylChem Group, the fine chemicals platform within International Chemical Investors Group. This transaction, together with the existing sulphuric acid production of WeylChem Lamotte, in northern France, creates one of the leading sulphuric acid producers in the Franco-Spanish region.
International Chemical Investors is a privately owned industrial group with total sales more than EUR 2 billion and over 5.685 employees. ICIG is focusing on three main platforms: Pharmaceuticals under the CordenPharma brand, Fine Chemicals under the WeylChem brand and Chlorovinyls / PVC products under the Vynova brand. Since its inception in 2004 ICIG has grown to operate more than 25 independent chemicals and pharmaceutical businesses in Europe and the United States, all of which have origins in major global chemical or pharmaceutical corporations.
INEOS Enterprises is a global market leader in the production of intermediary chemicals. The companies have a diverse portfolio of chemical products that are used as an essential input into chemical value chains across a broad variety of end markets and sectors, such as paints, coatings, construction, automotive, packaging and medical devices. INEOS Enterprises serve these sectors with an extensive manufacturing presence in North America, Europe and China, with 25 manufacturing plants across the UK, US, France, Germany, Sweden, Switzerland, Canada, Spain, Finland, Poland and China.
The Taylor Wessing team included Stephan Doom (Picture), Philip Shepherd, Mark Smith, Helen Farr, Graham Samuel-Gibbon, Graham Hann, Alistair Watson, Emma Oakley, Emma Tait, Ulf Gosejacob, Dr. Michael Beyer, Dr. Stefan Horn, Alexandra Holden, Yasaman Zargar and Lara Skotki.
The Cuatrecasas’ team included Kai Fischer, Kepa Izaguirre, Juan Carlos Hernanz, Beatriz Pinter and Laura Díaz.
The Slaughter and May team included Andrew Jolly, Partner, Sally Wokes, Partner, Thomas Fletcher, Associate, Samantha Brady, Senior Counsel, Gareth Miles, Partner, Gabrielle Pereira, Associate, Charles Cameron, Partner, Adam Gilchrist, Associate, David Ives, Partner, Heather Catchpole, Associate, Claire Jeffs, Partner, Murray Reeve, Associate and Joshua Esam, Associate.
Involved fees earner: Laura Díaz Vallespinós – Cuatrecasas; Kai Christian Fischer – Cuatrecasas; Juan Carlos Hernanz – Cuatrecasas; Kepa Izaguirre – Cuatrecasas; Beatriz Pinter – Cuatrecasas; Samantha Brady – Slaughter and May; Charles Cameron – Slaughter and May; Heather Catchpole – Slaughter and May; Joshua Esam – Slaughter and May; Thomas Fletcher – Slaughter and May; Adam Gilchrist – Slaughter and May; David Ives – Slaughter and May; Claire Jeffs – Slaughter and May; Andrew Jolly – Slaughter and May; Gareth Miles – Slaughter and May; Gabrielle Pereira – Slaughter and May; Murray Reeve – Slaughter and May; Sally Wokes – Slaughter and May; Michael Beyer – Taylor Wessing; Stephan Doom – Taylor Wessing; Helen Farr – Taylor Wessing; Ulf Gosejacob – Taylor Wessing; Graham Hann – Taylor Wessing; Alexandra Holden – Taylor Wessing; Stefan Horn – Taylor Wessing; Emma Oakley – Taylor Wessing; Graham Samuel-Gibbon – Taylor Wessing; Philip Shepherd – Taylor Wessing; Lara Skotki – Taylor Wessing; Mark Smith – Taylor Wessing; Emma Tait – Taylor Wessing; Alistair Watson – Taylor Wessing; Yasaman Zargar – Taylor Wessing;