Welcome!

News Feed Item

Rain CII Carbon LLC Completes Acquisition of RUETGERS N.V.

STAMFORD, Conn., Jan. 4, 2013 /PRNewswire/ -- Rain CII Carbon LLC USA ("Rain CII") has completed the previously announced acquisition of RUETGERS N.V. ("RUETGERS"), a Belgium-headquartered Coal Tar Pitch ("CTP") and Chemicals manufacturer, from funds managed by Triton ("Triton"), after receiving the necessary regulatory approvals.  Rain CII acquired 100% of the shares of RUETGERS pursuant to an agreement with Triton for a gross enterprise value of €702.0 million plus certain contingent payments not exceeding €27.0 million during the next three years.  RUETGERS has achieved revenues of €877.4 million and reported EBITDA of €102.8 million for the last twelve months ended September 30, 2012. 

"The acquisition of RUETGERS is complementary to Rain CII's core business of Calcined Petroleum Coke," said Gerry Sweeney, President and Chief Executive Officer of Rain CII.  "Adding RUETGERS to Rain CII's operations diversifies and expands our portfolio of products and our base of operations geographically while adding vertical depth within our core business. This will strengthen the prospect of research and development for carbon supply to the Aluminum industry. Moreover, expanding into the Coal Tar Distillation business is complementary to Rain CII and RUETGERS as both companies share the same underlying business model of converting the by-products of major industries, in this case oil refining and steel industries respectively, into value-added products."

"Rain CII and RUETGERS have complementary products and geographic presences. As a result of the expected global scale of the combined company, long-standing supplier and customer relationships, production resources, application know-how, and expertise in complying with industry regulatory requirements, we believe we will be well positioned to maintain our industry-leading positions" said Henri Steinmetz, Chief Executive Officer of RUETGERS.  "RUETGERS' investments in existing sites and new facilities in the Netherlands and Russia provide for new innovative products and further strengthened market positions.  RUETGERS is today well positioned to continue to prosper and we believe that Rain CII has the credentials to and will be a good owner for RUETGERS."

About Rain CII:

Rain CII is engaged in the businesses of production and sale of Calcined Petroleum Coke ("CPC") and co-generation of Energy (Steam and/or Electricity). 

Rain CII along with its associate company in India ("Rain CII Group"), is one of the world's largest producers of CPC with nine Coke Calcining plants in the US, India and China. Rain CII sells CPC primarily to global customers in the Aluminum, Steel and Titanium-Dioxide industries. Rain CII Group has five heat recovery plants in the US and India which co-generate steam and electricity to produce energy.

For further information, please visit http://www.raincii.com

About RUETGERS:

For more than 160 years, RUETGERS has been setting the standard as a manufacturer of high-quality basic and specialty chemicals. RUETGERS has approximately 1,000 employees at eight international production sites maintaining the highest standards to protect people and the environment. RUETGERS secures its supply of raw materials and operates an efficient logistics network to ensure on-time supply of pitch products, technical oils, aromatic resins and other basic chemicals.

For more information: www.ruetgers-group.com/en

SOURCE Rain CII Carbon LLC USA

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
Did you know that you can develop for mainframes in Java? Or that the testing and deployment can be automated across mobile to mainframe? In his session at @DevOpsSummit at 20th Cloud Expo, Vaughn Marshall, Sr. Principal Product Owner at CA Technologies, will discuss and demo how increasingly teams are developing with agile methodologies using modern development environments and automating testing and deployments, mobile to mainframe.
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTred processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...