02-Mar-2022 - Sasol Ltd.

Sasol Sells European Wax Business to AWAX Group

The sale takes place as part of a package of measures with which Sasol repositions itself

The South African energy and chemical company Sasol sells its German subsidiary Sasol Wax GmbH to AWAX s.p.a., an international group specialized in developing, producing and distributing wax products. The company with two production facilities in Hamburg, Germany, one in the UK and one in Austria will operate under the name Hywax GmbH effective 1 March 2022.

The sale takes place as part of a package of measures with which Sasol repositions itself. The portfolio is being streamlined by concentrating on core assets. Excluded from the sale is the South African Fischer-Tropsch hard wax business. This also includes the part in Europe that is managed by Sasol Wax GmbH. This business will remain with Sasol.

Dr. Jens Straatmann, Managing Director of Sasol Germany GmbH, emphasises: "We are pleased to have found a strategic investor for our European wax business. The sale allows us at Sasol to take another important strategic step towards focusing on our core assets."

Giuseppe Ambroggio, CEO of AWAX, says: “Sasol Wax GmbH has the most advanced wax hydrogenation facility in the world. With this acquisition the Group will further expand its wax product portfolio and strengthen its technological leadership in the wax market.”

Hywax GmbH is a leading manufacturer of high-quality wax products, with two plants in Hamburg Germany, one plant in Linz, Austria and another in Birkenhead, United Kingdom. Hywax’s products are used worldwide in a wide variety of industries, for example in hot-melt adhesives, paper and packaging, paints and varnishes, cosmetics and pharmaceutical, wood-based materials, candles, road construction and many others.

Facts, background information, dossiers
  • Sasol
  • acquisitions
More about Sasol
  • News

    Sasol Chemicals achieves sustainability milestone at three largest European sites

    Sasol Chemicals, a business unit of Sasol Ltd., has earned certification from the International Sustainability and Carbon Certification (ISCC) system for its three largest manufacturing facilities in Europe. The company’s facilities in Marl and Brunsbüttel, Germany, and Augusta, Italy, have ... more

    International consortium to advance decarbonisation of the aviation sector

    The company Sasol and Helmholtz-Zentrum Berlin (HZB) will lead a consortium to develop and optimise next-generation catalysts that will play a key role in decarbonising the aviation sector through sustainable aviation fuels (SAF). At a ceremony at Sasol’s global headquarters in Johannesburg ... more

    Nouryon to acquire metal alkyls business from Sasol

    Nouryon has entered into an agreement to acquire the merchant triethyl aluminum (TEAL) business of Sasol, including its specialty fleet of returnable cylinders. TEAL is a metal alkyl essential in the production of high-volume plastics including polypropylene and polyethylene. The acquisitio ... more

  • Companies

    Sasol Germany GmbH

    more

    Sasol Ltd.

    Sasol’s focused and strong project pipeline means we are actively capitalising on the growth opportunities that play to our strengths in Southern Africa and North America. Our focus is creating value sustainably and we are proud to be taking this company, to new frontiers. more

    Sasol Olefins & Surfactants GmbH

    Sasol Olefins & Surfactants is a division of Sasol Chemical Industries and is headquartered in Hamburg, Germany. We are a leading global supplier of detergent raw materials including LAB, fatty alcohols, surfactants, detergent ingredients and synthetic high purity aluminas. Our diversified ... more