Solenis LLC
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Solenis LLC - overview
Established
1907
Location
Wilmington, DE, US
Primary Industry
Chemicals
About
Based in Delaware, US, and founded in 1907 by E. F. Drew as Ashland Water Technologies and is currently operating as Solenis LLC as of July 2014, Solenis LLC operates as a producer and supplier of specialty chemicals used in water-intensive industries. The firm has more than 5,200 employees and 39 manufacturing facilities in 120 countries and 5 continents.
Solenis acquired Topchim NV in March 2018, ChemSystems' paper business in June 2020, and Poliquímicos, S. A. de C. V.
in July 2020. In November 2021, Platinum Equity fully acquired Solenis LLC from Clayton Dubilier & Rice and BASF’s paper wet-end and water chemicals business for USD 5. 25 billion. The firm manufactures a range of process aids, functional additives, water treatment chemistries, and monitoring and control systems which are used to protect plant assets and minimize environmental impact for the packaging paper and board, tissue and towel, oil and gas, pulp, mining, biorefining, power, refining, chemical processing, and municipal markets.
The company's revenue is generated by allowing its clients to purchase its products online, with suppliers, and through their website. Following its purchase agreement with Platinum Equity, Solenis LLC plans to grow and expand its business by creating operational improvement opportunities to increase its profitability.
Current Investors
Platinum Equity, Bain Capital
Primary Industry
Chemicals
Sub Industries
Adhesives & Sealants, Commodity Chemicals, Petrochemicals
Website
www.solenis.com
Verticals
E-commerce, Manufacturing, Research (Non-Medical)
Company Stage
Mature
Total Amount Raised
Subscriber access only
Solenis LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | NCH Corporation | - | ||||||||
| Add-on | Completed | BASF’s flocculants business | - | ||||||||
| Private Debt | Completed | Solenis LLC | - | ||||||||
| Add-on | Completed | Aqua ChemPacs, LLC | - | ||||||||
| Add-on | Completed | CedarChem, LLC | - |
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