TAGS: Hot-melt Adhesives
AWAX Group has closed the acquisition of SASOL Wax GmbH, the wax division of the South African energy and chemical company Sasol Ltd. The transaction includes the two plants in the port of Hamburg, Germany, one plant in Linz, Austria, and another one in Birkenhead, UK.
AWAX is a group of companies in wax production and distribution. The group has 40 years of experience in developing, producing and distributing unique wax products for all industrial applications, with a position in sustainable waxes.
Wax Used in HMAs Formulations
Oaklins’ team in Germany served as the exclusive M&A advisor to AWAX in an international auction process.
Sasol Wax (now: Hywax GmbH) is a manufacturer of high-quality wax products. The company develop, produce and distribute range of waxes, petroleum jellies and wax emulsions used by industrial clients in a variety of processing industries, including hot-melt adhesives, paper and packaging, paints and varnishes, cosmetics and pharmaceutical products, wood-based materials, candles and road construction.
Source: AWAX Group