Triton to exit Ruetgers

The announcement followed drawn-out speculation over how Triton would exit the business, including attempts to sell it to trade buyers, private equity players and a possible recapitalisation.

Rain CII plans to expand the business's product offering and geographic footprint.

Previous investment
Triton bought Ruetgers from German chemicals group Evonik in 2008 through Triton Fund II. The company invested in existing sites and new facilities in the Netherlands and Russia, thus increasing and modernising its products range. The company recently set up a joint venture, Severtar, with Russian steel producer Severstal in March 2012. During the holding period Ruetgers' sales increased by 25%.

Company
Ruetgers was founded in Castrop-Rauxel in 1849. The company produces coal tar chemicals and supplies raw materials to various industries in Europe, Russia, the Americas and the Middle East. The company employs around 1,000 people across eight international production sites.

People
Peder Prahl is a director at Triton.

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• Topics
• Exits
• DACH
• Industrials
• Germany
• Trade sale