Solenis Acquires Diversey for $4.6 Billion
March 8, 2023
Solenis, a Platinum Equity–backed specialty chemicals company, agreed to acquire Diversey Holdings, Ltd. in an all-cash transaction valued at an enterprise value of approximately $4.6 billion, taking Diversey private. The combination expands Solenis's product and service capabilities across water management, cleaning and hygiene, creates cross-selling opportunities and broadens the combined company's global scale and reach.
- Buyers
- Solenis, Platinum Equity
- Targets
- Diversey Holdings, Ltd.
- Sellers
- Diversey shareholders, Bain Capital Private Equity
- Industry
- Industrial Services
- Location
- South Carolina, United States
- Transaction Type
- Buyout
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