Solenis sold and merged with Sigura

SPECIALTY chemicals firm Solenis has merged with Sigura following its completed sale by BASF.

BASF and equity firm Clayton, Dubilier & Rice (CD&R) agreed to sell Solenis earlier this year for US$5.25bn. Solenis produces specialty chemicals for water treatment across industry and consumer markets, including for oil and gas, refining, minerals processing and packaging and paper. The purchase by Platinum Equity is now complete and the private equity firm is merging Solenis with its existing business Sigura, which is focused on pool and spa water treatment. The new company works across 120 countries, runs 47 manufacturing facilities, and employs more than 6,000 staff.

Solenis CEO John Panichella said: “The addition of Sigura positions Solenis as a more diversified water treatment leader with increased profitability and attractive growth opportunities.”

In 2019, BASF transferred its paper wet-end and water chemicals business to Solenis.