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Solenis for sale?

According to a report on Bloomberg that cited unnamed people involved, BASF and its private equity partner, Clayton Dubilier & Rice  (CD&R), are considering an exit from water treatment specialist Solenis and have been in talks with several special purpose acquisition companies. A price in the region of $5 billion is reportedly being sought. Neither party has commented on this speculation.

Solenis takes over BASF business

Solenis, which was formerly part of Ashland, has completed the transfer of BASF’s paper wet-end and water chemicals, after all of the relevant regulatory approvals were received.

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