Triton completes the acquisition of SGL Group’s Cathodes, Furnace Linings and Carbon Electrodes businesses (CFL/CE)
Wiesbaden (Germany), 2 November 2017 - Funds advised by Triton ("Triton") have completed the acquisition of SGL CFL/CE (SGL Group’s Cathodes, Furnace Linings and Carbon Electrodes businesses), the leading manufacturer and supplier of graphite products used in the aluminium, primary iron, and other smelting industries. The business produces cathode blocks for aluminium smelters, furnace linings for blast furnaces, and carbon electrodes for submerged arc furnaces.
"We want to support the management and employees of this business as a stable owner by investing in and supporting the growth and development of the company. We will contribute our strategic insights from other carbon-based materials and products manufacturers, metal and alloy manufacturers as well as our operational expertise. We look forward to working together with the management team and the Board of Directors in building a stronger independent company", said Peder Prahl, Director of the General Partner for the Triton funds.
About SGL Group – The Carbon Company
The SGL Group is a leading manufacturer worldwide of products and materials made from carbon. The extensive product portfolio ranges from carbon and graphite products, carbon fibers all the way through to composites. The SGL Group’s core expertise comprises the control of high-temperature technologies as well as the deployment of many years’ application and engineering know-how. This is used to exploit the company’s wide materials base. These carbon-based materials combine a number of unique material properties such as very good conductivity of electricity and heat, resistance to heat and corrosion as well as lightweight construction coupled with high firmness. The level of demand for the SGL Group’s high-performance materials and products is increasing due to the industrialization of the growth regions of Asia and Latin America and the ongoing substitution of traditional construction materials by new materials. The SGL Group’s products are deployed in the automotive and chemicals industries as well as in the semiconductor, solar, LED industry segments and in the field of lithium-ion batteries. Carbon-based materials and products are also used in wind energy, aviation and space travel as well as in the defense industry.
With 33 production locations in Europe, North America and Asia as well as a service network in over 100 countries, the SGL Group is an enterprise with a global orientation. In the 2016 financial year, approx. 4,000 employees generated 769.8 million euros in sales revenue. Its Head Office is based in Wiesbaden / Germany.
Further information on SGL Group can be found in SGL Group’s newsroom at www.sglgroup.com/press or at www.sglgroup.com
About SGL CFL CE
Headquartered in Wiesbaden, Germany, SGL CFL/CE currently employs 620 FTEs and operates two state-of-the-art production plants in Poland. The Company manufactures cathodes, furnace linings, and carbon electrodes on a worldwide basis.
All three production groups share similar production processes: (1) Cathodes produces amorphous, graphitic and graphitized cathodes used in the lining of electrolysis cells for production of primary aluminium; (2) Furnace Linings produces standard and micro-porous graphitic and graphite products used in the lining of blast furnaces for iron making; (3) Carbon Electrodes produces carbon and composite electrodes used in different smelting applications (e.g. silicon metal, phosphorous lead, nickel and copper).
About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 31 companies currently in Triton's portfolio have combined sales of around €14.5 billion and around 90,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com
Press Contacts:
Triton
Marcus Brans
Phone: +49 69 921 02204