Agency / Source: BASF

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

BASF and Clayton, Dubilier & Rice Close Sale of Solenis to Platinum Equity - Following the approval by all relevant authorities, BASF and Clayton, Dubilier & Rice closed the sale of Solenis to Platinum Equity - CDR-Inc.com / PlatinumEquity.com / Solenis.com / BASF.com
BASF and Clayton, Dubilier & Rice Close Sale of Solenis to Platinum Equity

 

PRZOOM - /newswire/ - Ludwigshafen, Rhineland-Palatinate, Germany, 2021/11/09 - Following the approval by all relevant authorities, BASF and Clayton, Dubilier & Rice closed the sale of Solenis to Platinum Equity - CDR-Inc.com / PlatinumEquity.com / Solenis.com / BASF.com. DE000BASF111

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The transaction implies an enterprise value for Solenis of $5.25 billion, which includes net debt of around $2.5 billion.

In July 2021, BASF and Clayton, Dubilier & Rice (cdr-inc.com) signed an agreement to sell their shares in Solenis (solenis.com) to Platinum Equity (platinumequity.com), a California-based private equity company founded in 1995. Since February 2019, BASF had held 49% of the shares in Solenis and accounted for its share in the company using the equity method; 51% of the shares had been held by funds managed by Clayton, Dubilier & Rice and the Solenis management. The divestment of its shares in Solenis will be reflected in BASF’s financial reporting on the fourth quarter of 2021 as net income from shareholdings.

With over 5,200 employees, Solenis is serving customers in water-intensive industries by helping them solve complex water treatment and process improvement challenges. In 2019, BASF had transferred its paper wet-end and water chemicals business to Solenis, creating a leading global solutions provider for the paper and water treatment industries. In the fiscal year ending September 30, 2021, the company headquartered in Wilmington, Delaware, USA, generated sales of $3.0 billion.

About BASF

At BASF (basf.com), we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: BASF

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing / Robotics articles,
CATCH Visitors via Your Competitors Announcements!


BASF and Clayton, Dubilier & Rice Close Sale of Solenis to Platinum Equity

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Solenis | BASF
Contact: Antje Schabacker - BASF.com 
+49 621 60-41706 / +49 173 3797667 antje.schabacker[.]basf.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing / Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From BASF / Company Profile


Read Manufacturing / Robotics Most Recent Related Press Releases:

Safran and Engie New Ventures Invest in Ineratec - A German Startup Specializing in Carbon-neutral Synthetic Fuels
Thales Australia Kicks off 2022 Expanding Advanced Manufacturing in Lithgow
ABB Launches Fastest Paper Machine Moisture Sensor on the Market, Taking 5,000 Measurements per Second
High-index AR Wafer Cuts Waveguide Weight in Half - SCHOTT RealView® 1.9 Lightweight Ultra Now Thinner and Lighter than Ever
BASF to Expand European Production for Hexamethylenediamine and Polyamide 6.6
BASF Partners with China BlueChemical and Wuhuan Engineering to Develop New Technology for Use of CO2 Rich Marine Gas
FLAMEX® Cabling Solutions to Improve Your Passenger Experience
BASF Reaches Agreement to Divest its Site in Quincy, Florida to Clariant
New Release of ABB Ability™ System 800xA Sugar Library Boosts Manufacturers’ Monitoring and Control Flexibility
ABB Launches Tundish-focused Electromagnetic Stirring Solution to Help Steelmakers Increase Quality, Productivity and Profitability

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  RightITnow, Inc.

Visit  JobsWare.com

Visit  BizJobs.com







 
  ©2022 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today