M&A Deal Summary

Solenis Acquires Diversey

On March 8, 2023, Solenis acquired chemicals company Diversey for 6.8B USD

Acquisition Highlights
  • This is Solenis’ 4th transaction in the Chemicals sector.
  • This is Solenis’ largest (disclosed) transaction.
  • This is Solenis’ 3rd transaction in the United States.
  • This is Solenis’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2023-03-08
Target Diversey
Sector Chemicals
Buyer(s) Solenis
Deal Type Add-on Acquisition
Deal Value 6.8B USD
Advisor(s) J.P. Morgan Securities
Centerview Partners (Financial)
Kirkland & Ellis (Legal)

Target

Diversey

Fort Mill, South Carolina, United States
Diversey is a hygiene and cleaning solutions company that integrates chemicals, floor care machines, tools, and equipment, with a wide range of technology-based value-added services, food safety services, and water and energy management. Diversey was incorporated in 1923 and is based in Fort Mill, South Carolina.

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Buyer(S) 1

Buyer

Solenis

Wilmington, Delaware, United States
Category Company
Founded 2014
Sector Chemicals
Employees3,500
Revenue 1.7B USD (2014)
DESCRIPTION

Solenis is a global manufacturer of specialty chemicals for pulp, paper, oil and gas, chemical processing, mining, biorefining, power, and municipal markets. Solenis was founded in 2014 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 7 of 8
Sector (Chemicals) 4 of 5
Type (Add-on Acquisition) 6 of 7
State (South Carolina) 1 of 1
Country (United States) 3 of 4
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-11 Sigura

Alpharetta, Georgia, United States

Sigura is a provider of water treatment solutions for residential pool care and industrial water care. The Company has six production facilities in North America, South America, and EMEA, with sales locations globally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-12 Aqua ChemPacs

Huntingdon Valley, Pennsylvania, United States

Aqua ChemPacs is a manufacturer of pre-portioned, concentrated liquid chemical packs utilizing low-carbon-footprint packaging. ChemPacs provide precise portion control, require no messy mixing and help eliminate the risks associated with pouring chemicals from bottles. Aqua ChemPacs is headquartered in Huntingdon Valley, Pennsylvania.

Buy -
Mergr

Product

Company

Legal