M&A Deal Summary

One Rock Capital Partners Acquires Kensing

On December 17, 2020, private equity firm One Rock Capital Partners acquired chemicals company Kensing from BASF

Acquisition Highlights
  • This is One Rock Capital Partners’ 3rd transaction in the Chemicals sector.
  • This is One Rock Capital Partners’ 16th transaction in the United States.
  • This is One Rock Capital Partners’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2020-12-17
Target Kensing
Sector Chemicals
Buyer(s) One Rock Capital Partners
Sellers(s) BASF
Deal Type Divestiture

Target

Kensing

Kankakee, Illinois, United States
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.

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Buyer(S) 1

Buyer

One Rock Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 2010
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Rock Capital Partners is a private equity group focused on opportunities where the Firm can leverage its operational, strategic, and financial resources. One Rock seeks investments in mature, North American companies and will also consider distressed situations. Sectors of interest include chemicals, packaging, forest products, consumer appliances/electronics, electrical equipment, niche manufacturing, business services, environmental services, waste management, equipment rental, healthcare products, medical products, and automotive dealerships. One Rock Capital Partners is based in New York City.


DEAL STATS #
Overall 16 of 25
Sector (Chemicals) 3 of 5
Type (Divestiture) 6 of 10
State (Illinois) 2 of 2
Country (United States) 16 of 22
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 Innophos

Cranbury, New Jersey, United States

Innophos is an international producer of performance-critical and nutritional specialty ingredients, with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. Innophos was founded in 2004 and is based in Cranbury, New Jersey.

Buy $932M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 BlueTriton Brands

Stamford, Connecticut, United States

BlueTriton Brands offers an extensive portfolio of highly recognizable water brands for healthy hydration, including Poland Spring® Brand 100% Natural Spring Water, Splash, and Pure Life®. The Company also owns and operates ReadyRefresh®, customizable water, and beverage delivery service. BlueTriton Brands is based in Stamford, Connecticut.

Buy $4.3B

Seller(S) 1

SELLER

BASF

Ludwigshafen, Germany

Category Company
Founded 1865
Sector Chemicals
Employees111,855
Revenue 68.9B EUR (2023)
DESCRIPTION
Entrance to BASF's office in Florham Park, New Jersey.
Entrance to BASF's office in Florham Park, New Jersey.

BASF is a global producer of chemicals. BASF looks to combine economic success with environmental protection and social responsibility. BASF was founded in 1865 and is based in Ludwigshafen, Germany.


DEAL STATS #
Overall 23 of 26
Sector (Chemicals) 16 of 19
Type (Divestiture) 21 of 24
State (Illinois) 1 of 1
Country (United States) 6 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-21 MBCC Group

Mannheim, Germany

MBCC Group is a supplier of construction chemicals and solutions worldwide and has emerged from the carve-out of the former BASF Construction Chemicals business from BASF Group. The company offers innovative and sustainable products and solutions for the construction industry across different sectors, such as buildings, structures, underground construction, new construction, as well as for renovation. Its strong brands Master Builders Solutions, PCI, Thermotek, Wolman, Colorbiotics and Watson Bowman Acme are well established in the marketplace. MBCC Group is based in Mannheim, Germany.

Sell €3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 BASF SE - Precision Microchemicals Business

Ludwigshafen, Germany

BASF’s Precision Microchemicals Business develops, manufactures, and markets high purity materials, including cleaning chemistries and Chemical Mechanical Planarization (CMP) slurries used in the machining and surface conditioning of electronic materials.

Sell $90M