Sasol Acquires Condea Vista Co.
Condea Vista Co., Houston, a supplier of fatty alcohols, surfactants, linear alkylbenzene, high purity aluminas and oxygenated solvents, was acquired by Sasol Ltd., Johannesburg, South Africa, a producer of more than 200 fuel and chemical products. As a result of the acquisition, Sasol expects to strengthen its position and enhance its competitiveness in international chemical markets. The combined Sasol/Condea organization will employ approximately 30,000 people.
The Condea solvents portfolio fits well with Sasol's present solvents business, which includes ethanol, iso-porpanol, methyl-ethyl-ketone and glycol ethers. "The acquisition will lead to many synergies. These include better access to technology, improved marketing access for Sasol's detergent alcohol, solvents and alpha olefins as well as optimization of logistics, marketing and distribution channels and corporate services," said Ralph Havenstein, managing director of Sasol Chemical Industries Ltd. (SCI), the chemical manufacturing and marketing arm of the Sasol Group.