Sasol Sells European Wax Business to AWAX Group
March 01 2022 - 4:53PM
Business Wire
The South African energy and chemical company Sasol sells its
German subsidiary Sasol Wax GmbH to AWAX s.p.a., an international
group specialized in developing, producing and distributing wax
products. The company with two production facilities in Hamburg,
Germany, one in the UK and one in Austria will operate under the
name Hywax GmbH effective 1 March 2022.
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The sale takes place as part of a package of measures with which
Sasol repositions itself. The portfolio is being streamlined by
concentrating on core assets. Excluded from the sale is the South
African Fischer-Tropsch hard wax business. This also includes the
part in Europe that is managed by Sasol Wax GmbH. This business
will remain with Sasol.
Dr. Jens Straatmann, Managing Director of Sasol Germany GmbH,
emphasises: "We are pleased to have found a strategic investor for
our European wax business. The sale allows us at Sasol to take
another important strategic step towards focusing on our core
assets."
Giuseppe Ambroggio, CEO of AWAX, says: “Sasol Wax GmbH 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.”
Hywax GmbH is a leading manufacturer of high-quality wax
products, with two plants in Hamburg Germany, one plant in Linz,
Austria and another in Birkenhead, United Kingdom. Hywax’s products
are used worldwide in a wide variety of industries, for example in
hot-melt adhesives, paper and packaging, paints and varnishes,
cosmetics and pharmaceutical, wood-based materials, candles, road
construction and many others.
About Sasol Germany GmbH
Sasol Germany GmbH is a manufacturer of high-quality chemical
products with production facilities in Brunsbüttel and Marl and
headquarters in Hamburg. Around 1,700 employees and almost 100
apprentices produce innovative, sustainable products and develop
solutions for the processing industry. The company offers a wide
range of products, including substances for the production of
detergents and cleaning agents, paints and coatings, cosmetics and
pharmaceutical products. In addition, specialities such as
high-purity and ultra-high-purity aluminas are used, for example,
as catalyst carriers in catalytic converters for the automotive
industry, industrial applications and high-performance
abrasives.
Sasol Germany GmbH is part of the South African Sasol Group, a
leading integrated chemical and energy company with almost 29,000
employees in 23 countries manufacturing and marketing first-class
products.
About AWAX
AWAX s.p.a. is an international group of companies exclusively
focused on waxes and operating globally. The group has 40 years of
experience in developing, producing and distributing unique wax
products for all industrial applications, with a leadership in
sustainable waxes.
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version on businesswire.com: https://www.businesswire.com/news/home/20220301006076/en/
Press contact Sasol: Sunna Schulz Senior Manager
Corporate Affairs Eurasia Chemicals Phone: +49 40 63684-1364
E-mail: sunna.schulz@de.sasol.com
Press contact AWAX: Hywax GmbH info@hywax.com +49
40781150
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