Solenis, BASF close merger pf paper and water chemicals business

BASF and Solenis have completed the previously announced merger of BASF’s wet-end paper and water chemicals business with Solenis, a Clayton, Dubilier & Rice portfolio company. BASF will own 49 percent of the combined company, while Solenis management and CD&R will have 51 percent. The merger includes the paper and water assets of BASF’s Performance Chemicals unit but not BASF’s paper coating chemical business.

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