Triton completes sale of COBEX
July 29, 2019 Frankfurt/Wiesbaden (Germany), Tokyo (Japan), July 29, 2019 — Funds advised by Triton (“Triton”) have completed the sale of COBEX, a leading manufacturer and supplier of carbon and graphite products for aluminum, primary iron and iron and other smelting industries, to Tokai Carbon Co, Ltd (“Tokai Carbon”), a pioneer in the Japanese carbon products industry, for an enterprise value of EUR 825 million.
Triton acquired COBEX, SGL Group’s former cathodes, furnace linings and carbon electrodes business, in 2017.
COBEX is a leading global manufacturer of carbon and graphite products for the primary aluminum and iron industries and other metallurgical smelting processes. COBEX’s core competencies are the production of premium quality and maximum consistency cathodes, furnace linings and carbon electrodes. COBEX maintains long-standing, trusting partnerships with numerous customers around the world. With innovative solutions COBEX helps its customers to create added value and optimize total cost of ownership. A highly qualified team with many years of experience in product development and application supports customers with technical knowledge and skills. COBEX is based in Wiesbaden, Germany. The company also has two plants in Poland and sales and technical services in China.
For more information: https://cobexgroup.com/
About Tokai Carbon
Founded in 1918, Tokai Carbon has been a market leader for over 100 years in the manufacture and distribution of a wide range of high-quality carbon and graphite products for numerous global customers in a wide range of industries including steel, automotive, semiconductors and electronic components. Tokai Carbon has developed and delivered cutting-edge carbon product expertise to meet customer needs. Tokai Carbon maintains a global network of 42 sites in 10 countries in Asia, Europe and North America. The company had consolidated sales of JPY231 billion and total assets of JPY317 billion for the year ended December 31, 2018. Tokai Carbon is listed on the Tokyo Stock Exchange.
For more information: www.tokaicarbon.co.jp/en/
Since its founding in 1997, Triton has launched nine funds and focused on companies in the industrial, services, consumer goods and healthcare sectors. The Triton funds invest in medium-sized companies based in Europe and support their positive development.
Triton’s goal is to successfully develop its portfolio companies in the long term by working together as partners.
Triton and its management strive to generate positive change and growth through the sustainable improvement of operational processes and structures. At present, Triton’s portfolio includes 37 companies with total sales of around EUR 14.6 billion and around 72,400 employees.