One Equity Partners to sell Sonneborn for $655 mln
One Equity Partners said Nov. 13 that it agreed to sell the operating subsidiaries of Sonneborn Holdings LP to HollyFrontier Corp for $655 million. The deal is expected to close in 2019. Sonneborn, of Parsippany, New Jersey, makes highly purified white oil, petrolatum, microcrystalline wax, sodium sulfonate and compressor lubricants for personal care, pharmaceutical, food, polymer and metal working applications. Morgan Stanley & Co LLC is acting as financial adviser and Baker McKenzie served as legal counsel to Sonneborn.
13 November 2018•3 mins read
