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  5. Kensing Acquires Evonik Industries - Virginia Amphoteric Surfactants and Specialty Esters Manufacturing Operations

M&A Deal Summary

Kensing Acquires Evonik Industries - Virginia Amphoteric Surfactants and Specialty Esters Manufacturing Operations

On November 1, 2022, Kensing acquired consumer products company Evonik Industries - Virginia Amphoteric Surfactants and Specialty Esters Manufacturing Operations from Evonik Industries

Acquisition Highlights
  • This is Kensing’s 2nd transaction in the Consumer Products sector.
  • This is Kensing’s 1st transaction in Germany.

M&A Deal Summary
Date 2022-11-01
Target Evonik Industries - Virginia Amphoteric Surfactants and Specialty Esters Manufacturing Operations
Sector Consumer Products
Buyer(s) Kensing
Sellers(s) Evonik Industries
Deal Type Divestiture

Target

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.

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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 3 of 3
Sector: Consumer Products M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 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.

Buy -

Seller(S) 1

SELLER

Evonik Industries

Essen, Germany
Category Company
Founded 1873
Sector Diversified
Employees31,273
Revenue 15.2B EUR (2024)
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 8 of 8
Sector: Consumer Products M&A 2 of 2
Type: Divestiture M&A Deals 8 of 8
Country: Germany M&A 6 of 6
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 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.

Sell -
Mergr

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