Late in August, Solenis, a maker of water treatment chemicals, closed its acquisition of Diversey Holdings for $4.6 billion. Diversey makes hygiene, infection-prevention and cleaning chemicals. With the deal, Solenis has grown to 71 manufacturing facilities and more than 15,000 employees in 130 countries. Solenis was acquired by Platinum Equity in 2021. Bain Capital, the majority shareholder of Diversey, will retain a minority stake in Solenis as a result of the acquisition. Here’s what dealmakers are saying about the sector.
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