Triton Sells €702M Chemical Co. To Indian Petro Coke Firm

Law360, New York (October 22, 2012, 8:08 PM EDT) -- European private equity outfit Triton has offloaded Ruetgers, a Belgian specialty chemicals group, to India’s Rain Commodities Ltd. in a deal that values the target at €702 million ($915.8 million), the seller announced Monday.

The acquisition beefs up the portfolio of Rain CII, the petroleum coke-focused subsidiary of the larger Rain Commodities industrial group, according to a joint statement from Triton and Ruetgers.

“Ruetgers and Rain CII have complementary products and geographic presences,” Ruetgers CEO Henri Steinmetz said in a statement. “Together, both companies will have...
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