Abstract
WHEN THE GERMAN UTILIty company RWE put Condea, its surfactants and solvents business, up for sale in early 2000, several international chemical companies and leveraged buyout firms were seen as likely buyers. Sasol was not one of them. In fact, when Sasol's name first showed up in the rumor mill as a possible buyer, many Condea employees had not even heard of the South African company But according to Tom O'Brien, a Condea executive at the time, as the bidding process unfolded, it didn't take long for staffers to learn about Sasol. It quickly became the clear favorite of most employees, he says. It's been just over two years since the acquisition was finalized, and O'Brien, now Sasol's vice president for alcohols, says he likes what he's seen. And he's seen a lot, having started with Conoco's surfactant alcohols business some 20 years ago and worked for five different owners since then. Anton Putter, a ...
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