INEOS Enterprises completes purchase of salt union's vacuum salt business at Runcorn, Cheshire
INEOS Enterprises has completed its purchase of Salt Union’s vacuum salt business at Runcorn, Cheshire.
The purchase brings to INEOS Enterprises the 850,000 tonne per annum vacuum salt plant at Weston Point in Cheshire, and includes the Direct Salt distribution business. The employees of the vacuum salt business have transferred to INEOS Enterprises under the deal.
The deal was financed with the support of Bank of Scotland Corporate’s Liverpool Team. Alastair Donald, Director of Bank of Scotland Corporate in Liverpool, said: "We are delighted that INEOS Enterprises has been able to complete this acquisition. The Company is well placed to drive forward the future success of the vacuum salt business."
INEOS Enterprises' vacuum salt products include:
- undried vacuum salt – a key raw material in the manufacture of chlorine and caustic soda;
- pure dried vacuum salt – an important ingredient for the food industry as well as for processes ranging from shampoo manufacture to animal nutrition and water treatment;
- granular and white tablet salt for water softening;
- packed de-icing salts.
Greg Stewart, INEOS Enterprises Operations Director comments: “We have acquired the vacuum salt business as it is a close fit and has many synergies with our existing portfolio, particularly our brine business. This acquisition reflects our strategy for growth and will underpin the long-term success of INEOS Enterprises.
Adds Greg: “We are well placed to meet the needs of the salt market and INEOS has an excellent track record of investing to promote growth and added value for its customers.”
Salt Union continues to operate its extensive rock salt business from the Winsford Mine in Cheshire together with the Minosus joint venture that includes the document storage business Deepstore.
For further information please contact:
Craig Welsh, INEOS Enterprises Press Office
Phone: 01928 511528