About Sodawerk

At the date of sale, Sodawerk Staßfurt was a leading producer of soda and natron ash. Soda ash, along with common salt, is one of the most important starting materials for a large number of synthetically manufactured chemical products. It is mainly used in the glass and detergent industries. The Staßfurt soda facility supplied the most important glass and detergent producers in Germany and neighboring countries. In addition to soda ash, natron ash was also produced to a lesser extent. Natron ash is used in the food industry, in the medical sector, and in many other industries.

The strategy

In addition to the financially supported expansion of production capacity from 450,000 tons to 600,000 tons per year, the plant was completely rationalized and modernized. The management succeeded in strengthening the sales activities and in particular in acquiring new customers in neighboring countries. The GEP funds sold their participation to the Polish Ciech SA. This acquisition made Ciech the second largest European soda ash producer.

Sodawerk

COMPANY NAME

Chemical Industry

INDUSTRY

Staßfurt (GER)

HEADQUARTER

Carve-out

INVESTMENT EVENT

December 2007

DATE OF INVESTMENT

GEP III

FUND

ciechgroup.com

WEBSITE