Sale of the Oleon Group finalized
The shareholders of OLEON Holding (Sofinim - Ackermans & van Haaren, KBC Private Equity, Fortis Private Equity, Mercator Verzekeringen and Jan De Clerck) announce that the agreement to sell 100% of the shares to DIESTER INDUSTRIE, subsidiary of SOFIPROTEOL, has been completed.
The transaction was announced in an earlier press release on November 19. In the meantime, the condition precedent of an approval of the European competition authorities has been fulfilled.
Since the buyout in 2001, the Oleon group has followed a strategy which focuses on diversification and globalization of its activities. In this context, Oleon has made acquisitions in Norway (Sandefjord, esters) and in Germany (Emmerich, specialty fatty acids) and a new plant for the production of esters is under construction in Malaysia (Port Klang). Oleon was also the first industrial producer of biofuel in Belgium.