Solenis has been acquired by Platinum Equity from Clayton, Dubilier & Rice (CD&R) and BASF in a transaction worth $5.25 bn. Both CD&R and BASF have fully exited Solenis.
In addition, as part of the acquisition, Solenis has merged with Sigura Water, an existing Platinum Equity portfolio company, for a total combined transaction value of approximately $6.5 bn. The combined company generates approximately $3.5 bn of revenue.
Headquartered in Wilmington, Delaware, Solenis supplies innovative specialty chemicals and services for process, functional and water treatment applications in two primary segments: Consumer Solutions (consumer and food packaging, graphic paper and tissue and towel markets) and Industrial Solutions (core water treatment and wastewater markets).
