INEOS Enterprises (Rolle, Switzerland; www.ineos.com) announced that it has acquired 100% of the shares of Calabrian Holdings Corp., a technology and market leader of sulfur dioxide and sodium based derivatives in North America. The company has a production base located in Texas and is currently building a facility in Ontario.
The Calabrian plant in Texas is the largest producer in North America of SO2 [and sodium based derivatives]. The operation in Ontario Canada will add an additional 35,000 metric tons of capacity once completed at the end of 2016.
The acquisition will add a North American dimension to INEOS’ existing sulfur chemicals portfolio.
Ashley Reed, CEO of INEOS Enterprises said, “We are very pleased to have acquired this modern production facility in Texas and look forward to the completion of the Canadian facility late this year. The assets are ideally positioned to serve the North American market, with excellent cost position and logistical infrastructure. Additional synergy will be explored with our existing business in Europe.”
Randy Owens, CEO of Calabrian Corporation said, “The Company has undergone significant transformation during SK Capital’s ownership. INEOS’ global infrastructure will allow the next phase of growth by accelerating geographical expansion and further advancing its technology strategy.”
Completion of the transaction took place at the end of July.