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Announced

Completed

Platinum Equity-backed Solenis completed the acquisition of Clearon.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Specialty Chemicals

Private

dichloroisocyanuric acid

Single Bidder

chemical manufacturing

Domestic

United States

Majority

Acquisition

trichloroisocyanuric acid

Private Equity

Friendly

Completed

Synopsis

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Platinum Equity-backed Solenis, an American manufacturer of specialty chemicals for the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets, completed the acquisition of Clearon, a dichlor and trichlor manufacturer. Financial terms were not disclosed. "This acquisition will help Solenis fulfill a strategic growth initiative following our recent ownership change to Platinum Equity, driving value through our branded Pool Solutions sanitization product line while providing an enhanced customer experience through expanded offerings and cost-effective pool solutions. We continue to work closely with the Platinum Equity team to identify opportunities to add value for our customers and drive growth for the Solenis team," John Panichella, Solenis CEO.

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