Industry News

Elementis Specialties Enters into Agreement To Acquire Sasol Servo B.V.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Elementis Specialties, through a wholly owned subsidiary, has entered into an agreement with a wholly owned subsidiary of Sasol Limited to acquire, on a debt-free and cash-free basis, the entire issued share capital of Sasol Servo B.V. for a purchase price of approximately $57.9 million in cash. For the year ended June 30, 2003, the Servo Group had turnover of $123.4 million.      The complementary nature of Servo’s businesses with Elementis Specialties’ existing rheology and surface chemical ...

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