WE Soda Ltd announced that it has acquired Genesis Alkali, the largest US-based producer of natural soda ash, from Genesis Energy LP (“GEL”) in an all-cash transaction that completed on Friday 28 February 2025 at an implied enterprise value of USD 1.425 billion, inclusive of working capital at closing.
The acquisition establishes WE Soda as the largest global producer of soda ash, increasing the total production capacity of the company to approximately 9.5 million metric tonnes per year (“mtpa”) and marks a transformative step for WE Soda, enhancing not only its scale but also its geographic diversification, customer reach, supply chain infrastructure and sustainability leadership.
Alasdair Warren, CEO of WE Soda, said, “The acquisition of Alkali represents a significant strategic milestone; it provides the foundation for our future growth, strengthens our industry leadership position, enhances our ability to serve our customers globally and gives us the opportunity to unlock significant operational and efficiency benefits for our stakeholders.
“We are now the largest producer of soda ash globally and the only producer that is 100% natural, further underscoring our sustainability leadership. We have diversified our portfolio operationally and geographically and we now have access to infrastructure worldwide that will further enhance our customer service offering. 
“As we welcome our new Alkali colleagues into the WE Soda family, we will bring together an extraordinary combination of experience and expertise that will create a truly world class industrial minerals company focussed on maintaining the highest standards of safety, operational excellence and sustainability.”
Source:WE Soda Ltd with additional information added by GlassBalkan
