Sector News

Topsøe family looking for investor in Haldor Topsoe

June 13, 2018
Chemical Value Chain

The Topsøe family and Haldor Topsoe have initiated a search process to find a potential investor in Haldor Topsoe to help accelerate growth, the company announced today.

The family is the owner of Haldor Topsoe Holding, the parent of Haldor Topsoe. It is the owners’ intention to list Haldor Topsoe A/S shares within five to seven years. Haldor Topsoe Holding will remain the long-term majority shareholder of the company.

Haldor Topsoe has undergone major restructuring recently in preparation for future growth. “We wish to strengthen our capital base by inviting one or more financial partners to invest in Haldor Topsoe with a long-term intention to list the company. We believe that long-term majority shareholders combined with minority shareholders on the stock exchange is proven to be a very strong ownership structure for resilient and profitable development. Our ambition is to grow organically and potentially also drive growth through acquisitions,” says Jeppe Christiansen, chairman of the board of Haldor Topsoe A/S.

A future financial minority partner would be able to own a significant share of the company with an option of an initial public offering. “We believe that inviting one or more investors on board, on terms acceptable to us, will enable Haldor Topsoe to accelerate the development of solutions that can further strengthen the business and make a positive difference in the world,” says Jakob Haldor Topsøe, chairman of Haldor Topsoe Holding.

The range of search will be selective but not limited to a specific type of investor, the company says. Skandinaviska Enskilda Banken (SEB) and Citigroup have been appointed as advisers in the search process.

Haldor Topsoe, a catalysis company, was founded in 1940 by Haldor Topsoe. Today is it one of the world leaders in high-performance catalysts and proprietary technologies for the fertilizer, chemical, petrochemical, and refining industries. In 2017 its revenue was approximately $760 million. The company employs more than 2,300 people.

By Natasha Alperowicz

Source: Chemical Week

comments closed

Related News

June 24, 2022

BASF to build commercial scale battery recycling black mass plant in Schwarzheide, Germany

Chemical Value Chain

BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.

June 24, 2022

Clariant restructures business units, reorganizes leadership

Chemical Value Chain

Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.

June 24, 2022

Chemicals & Plastics Procurement: what to expect in the second half of 2022

Chemical Value Chain

Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.