Solenis, a specialty chemicals manufacturer for water-intensive industries, has completed its acquisition of Diversey, a hygiene and cleaning products provider, in an all-cash transaction valued at ~ $4.6 billion.
With this acquisition, Solenis now operates in over 130 countries with 71 manufacturing facilities and over 15,000 employees.
“We now have greatly enhanced capabilities to help our customers tackle critical sustainability challenges, reduce their environmental impact and help create a cleaner, safer world,” said John Panichella, CEO, Solenis.
Solenis has been owned by Platinum Equity since its acquisition in 2021. The majority shareholder of Diversey, Bain Capital, will now be a minority stakeholder in Solenis after the merger.
Source: chemanager-online.com
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