M&A Deal Summary

Kensing Acquires Evonik Industries - U.S. Betaine Business

On August 1, 2022, Kensing acquired consumer products company Evonik Industries - U.S. Betaine Business from Evonik Industries

Acquisition Highlights
  • This is Kensing’s 1st transaction in the Consumer Products sector.
  • This is Kensing’s 1st transaction in the United States.
  • This is Kensing’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-08-01
Target Evonik Industries - U.S. Betaine Business
Sector Consumer Products
Buyer(s) Kensing
Sellers(s) Evonik Industries
Deal Type Divestiture

Target

Evonik Industries - U.S. Betaine Business

Hopewell, Virginia, United States
Evonik Industries's U.S. Betaine Business primarily serves the personal care market, with a focus on skin care, hair care and oral care applications.

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Buyer(S) 1

Buyer

Kensing

Kankakee, Illinois, United States
Category Company
Sector Chemicals
DESCRIPTION

Kensing is a manufacturer of a broad range of specialty chemicals derived from vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants, and esters. Kensing is based in Kankakee, Illinois.

DEAL STATS #
Overall 2 of 3
Sector (Consumer Products) 1 of 2
Type (Divestiture) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Vitae Naturals

Talavera de la Reina, Spain

Vitae Naturals is a manufacturer of mixed tocopherols and natural Vitamin E IP-non GMO; ingredients from the Vitapherole range. Vitae Naturals manufactures natural ingredients to the food, supplements and nutrition, cosmetics, petfood and feed sector with the highest quality to enhance people’s health. Vitae Naturals was founded in 2000 and is based in Talavera de la Reina, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Evonik Industries - Virginia Amphoteric Surfactants and Specialty Esters Manufacturing Operations

Essen, Germany

Evonik Industries's Virginia Amphoteric Surfactants and Specialty Esters Manufacturing Operations focus on skin care, hair care and oral care applications based in Essen, Germany.

Buy -

Seller(S) 1

SELLER

Evonik Industries

Essen, Germany
Category Company
Founded 1873
Sector Diversified
Employees33,090
Revenue 15.3B EUR (2023)
DESCRIPTION

Evonik Industries is an industrial corporation with worldwide operations grouped in three business areas Chemicals, Energy and Real Estate which are positioned at the forefront of their market segments. It is a global leader in specialty chemicals (former Degussa), an expert in power generation from hard coal and renewable energies (former STEAG) and one of Germany's largest privately owned residential real estate companies. Evonik Industries was founded in 1873 and is based in Essen, Germany.

DEAL STATS #
Overall 7 of 8
Sector (Consumer Products) 1 of 2
Type (Divestiture) 7 of 8
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Evonik Industries AG - CO2 Extraction Business

Essen, Germany

Evonik Industries AG - CO2 Extraction Business offers a quality method of extracting natural botanical molecules from flowers and nuts to coffee and tea.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Evonik Industries - Virginia Amphoteric Surfactants and Specialty Esters Manufacturing Operations

Essen, Germany

Evonik Industries's Virginia Amphoteric Surfactants and Specialty Esters Manufacturing Operations focus on skin care, hair care and oral care applications based in Essen, Germany.

Sell -
Mergr

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