Did Suez buy Betz?
GE got most of its water treatment business by acquiring the chemical maker BetzDearborn from Hercules in 2002.
Who bought Betz?
General Electric Company
On February 13, 2002, General Electric Company acquired chemicals company Betz-Dearborn Inc. from Hercules, Inc. for 1.8B USD.
Who owns Solenis?
Solenis International LLCSolenis / Parent organization
How big is Solenis?
With over 6,000 employees and 48 manufacturing facilities, our operations span 120 countries and five continents.
Who bought BetzDearborn?
Hercules Inc. agreed yesterday to buy BetzDearborn Inc. for $2.4 billion in cash and $700 million in assumed debt, creating one of the world’s biggest makers of chemicals used in paper-making, water-treatment and other industrial processes.
Is Solenis part of BASF?
In 2019, Solenis merged with BASF’s Paper & Water Chemicals business, giving the German giant a 49% stake and creating a leading solutions provider for the pulp and paper, and water treatment industries. Both CD&R and BASF will exit Solenis as a result of the Platinum Equity acquisition.
Did Solenis buy BASF?
BASF merged its water treatment unit with Solenis in 2019 in exchange for a 49% stake in the new company. Solenis, which has annual sales of about $2.8 billion, specializes in the wastewater and industrial sectors.
Is Solenis owned by BASF?
Since February 1, 2019, BASF has held 49% of the shares in Solenis and accounted for its share in the company using the equity method; 51% of the shares have been held by funds managed by Clayton, Dubilier & Rice and the Solenis management.
Who purchased Suez water?
Veolia
Veolia Completes Acquisition of Suez.
Where is Solenis located?
Wilmington, Delaware
About Solenis Headquartered in Wilmington, Delaware, the company has 48 manufacturing facilities strategically located around the globe and employs a team of over 6,000 professionals in 120 countries across five continents. Solenis is a 2022 US Best Managed Company.
Who is the CEO of Solenis?
John E Panichella (Aug 2014–)Solenis / CEO
What is Solenis revenue?
Solenis, which has annual sales of about $2.8 billion, specializes in the wastewater and industrial sectors. Sigura is Lonza’s former pool chemical unit, which Platinum bought in 2019.
What kind of company is Solenis?
specialty chemicals
Solenis is a leading global producer of specialty chemicals, focused on delivering sustainable solutions for water-intensive industries, including the pulp, packaging paper and board, tissue and towel, oil and gas, petroleum refining, chemical processing, mining, biorefining, power, municipal, and pool and spa markets.
Who is Suez owned by?
Upon closing of the tender offer process, Veolia owns 95.93% of the share capital and voting rights of Suez.