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BASF Partners with Allied Carbon Solutions and Holiferm

BASF Partners with Allied Carbon Solutions and Holiferm
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BASF agrees to divest manufacturing site in Kankakee, Ill. - Chemical Engineering


BASF agrees to divest manufacturing site in Kankakee, Ill.
By Mary Page Bailey |
December 18, 2020
BASF SE (Ludwigshafen Germany) has reached an agreement to sell its manufacturing site in Kankakee, Illinois and the associated businesses of vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants and esters produced there to an affiliate of One Rock Capital Partners, LLC, a U.S.-based private equity firm. The businesses have around 160 employees including business management and commercial personnel across the U.S. The transaction is expected to close in the first half of 2021, subject to the approval of the relevant competition authorities. Terms of the transaction were not disclosed. ....

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BASF reaches agreement to sell site in Kankakee, Illinois to One Rock Capital Partners


BASF reaches agreement to sell site in Kankakee, Illinois to One Rock Capital Partners
Business & Financial News
 | 
December 17, 2020
Global
BASF reaches agreement to sell site in Kankakee, Illinois to One Rock Capital Partners
BASF has reached an agreement to sell its manufacturing site in Kankakee, Illinois and the associated businesses of vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants and esters produced there to an affiliate of One Rock Capital Partners, LLC, a U.S.-based private equity firm. The businesses have around 160 employees including business management and commercial personnel across the U.S. The transaction is expected to close in the first half of 2021, subject to the approval of the relevant competition authorities. Terms of the transaction were not disclosed. ....

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One Rock Capital Partners to Acquire Kankakee, Illinois Site and Associated Specialty Chemicals Businesses from BASF


One Rock Capital Partners to Acquire Kankakee, Illinois Site and Associated Specialty Chemicals Businesses from BASF
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NEW YORK, Dec. 17, 2020 /PRNewswire/ One Rock Capital Partners, LLC ( One Rock ), today announced that one of its affiliates has entered into a definitive agreement to acquire the manufacturing site in Kankakee, Illinois and the associated businesses of vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants and esters produced there (the Company ) from BASF.
Headquartered outside of Chicago, the Company is a leading manufacturer of a broad range of specialty chemicals derived from natural raw materials. These products serve a diverse array of attractive end markets including home & personal care, food & nutrition, healthcare, and agriculture. The Company employs around 160 employees at its manufacturing site in Kankakee and around the country.   ....

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