-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
BASF and Clayton, Dubilier & Rice (CD&R) signed an agreement to sell Solenis to Platinum Equity (a private equity firm established in California in 1995)
.
The transaction means that Solenis’ corporate value is US$5.
25 billion (approximately RMB 34 billion), including approximately US$2.
5 billion in net debt, which may be adjusted accordingly when the transaction closes
.
As of February 1, 2019, BASF holds 49% of Solenis shares and calculates its share in Solenis in accordance with the equity method; 51% of the shares are managed by funds managed by Ceduris and Solenis.
Layers are held together
.
Subject to the approval of relevant agencies, the transaction is expected to be completed before the end of 2021
.
Solenis has more than 5,200 employees, serving customers in water-intensive industries, helping them solve complex water treatment and process improvement challenges
.
In 2019, BASF transferred its wet-end paper chemicals and water treatment chemicals business to Solenis, making it the world's leading provider of solutions for the paper and water treatment industry
.
As of the end of the fiscal year on September 30, 2020, the Wilmington, Delaware-based company had sales of $2.
8 billion
.
As part of the transaction announced on July 6, 2021, BASF and Ceduri Corporation will completely withdraw their investment in Solenis
.
The transaction does not affect any existing medium and long-term supply agreements and commercial relationships between BASF and Solenis
.
According to these agreements, BASF will continue to supply products to Solenis or purchase products from Solenis
.
.
The transaction means that Solenis’ corporate value is US$5.
25 billion (approximately RMB 34 billion), including approximately US$2.
5 billion in net debt, which may be adjusted accordingly when the transaction closes
.
As of February 1, 2019, BASF holds 49% of Solenis shares and calculates its share in Solenis in accordance with the equity method; 51% of the shares are managed by funds managed by Ceduris and Solenis.
Layers are held together
.
Subject to the approval of relevant agencies, the transaction is expected to be completed before the end of 2021
.
Solenis has more than 5,200 employees, serving customers in water-intensive industries, helping them solve complex water treatment and process improvement challenges
.
In 2019, BASF transferred its wet-end paper chemicals and water treatment chemicals business to Solenis, making it the world's leading provider of solutions for the paper and water treatment industry
.
As of the end of the fiscal year on September 30, 2020, the Wilmington, Delaware-based company had sales of $2.
8 billion
.
As part of the transaction announced on July 6, 2021, BASF and Ceduri Corporation will completely withdraw their investment in Solenis
.
The transaction does not affect any existing medium and long-term supply agreements and commercial relationships between BASF and Solenis
.
According to these agreements, BASF will continue to supply products to Solenis or purchase products from Solenis
.
