Lonza to Divest Specialty Ingredients Business to Bain Capital and Cinven for $4.7B
Shots:
- Bain Capital and Cinven to acquire Lonza’s specialty ingredients business and operations for an enterprise value of $4.7B. The transaction is expected to close in H2’21
- The divestiture will allow Lonza to refocus its business as a pure-play partner to the healthcare industry
- Lonza’s specialty ingredients business provides microbial control solutions for Professional Hygiene and Personal Care products and offers the custom development and manufacturing of specialty chemicals and composites to support the electronics- aerospace- food and agrochemical industries
Ref: Lonza | Image: 24 News Update Blog
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