News
Solenis Finalizes Purchase of Diversey
July 6, 2023
Specialty chemical manufacturer Solenis, a portfolio company of Platinum Equity, has successfully completed its acquisition of Diversey.
The all-cash deal, valued at an enterprise value of approximately US$4.6 billion, was announced earlier this year, subject to customary closing approvals. Bain Capital, the majority shareholder of Diversey, will hold a minority stake in Solenis as a result of this transaction.
“This merger makes Solenis a more diversified company with significantly increased scale, broader global reach, and the ability to offer a ‘one-stop shop’ suite of solutions that meet customer demand and address water management, cleaning, and hygiene issues on a global basis,” said John Panichella, Solenis CEO. “Together, we have a foundation from which we can continue to leverage our strong customer partnerships, leading-edge innovation, and value-added services to propel Solenis’ aggressive growth trajectory. With continued support from Platinum Equity, we are confident that we will maximize the promising opportunities ahead.”
About Diversey
With sales in more than 175 countries, Diversey is a global provider of commercial cleaning, sanitation, and hygiene solutions. For more information, visit www.diversey.com.
