International Chemical Investors (“ICIG”) has acquired the dedicated manufacturer of sulfuric acid and oleum INEOS Sulphur Chemicals Spain. A Cuatrecasas team made up of Kai Fischer, Kepa Izaguirre, Juan Carlos Hernanz, Beatriz Pinter and Laura Díaz advised the purchaser on this transaction.
INEOS Sulphur Chemicals is Spain’s leading manufacturer of sulfuric acid and oleum, supplying end-use applications ranging from agriculture to chemical intermediates. The business will become part of the WeylChem Group, ICIG’s fine chemicals platform. Thanks to this transaction, the combined business—which includes a sulfuric acid and oleum plant at Lamotte (France)—will become one of the leading European sulfur chemicals players.