Diversey deal closes

The previously announced acquisition of jan/san vendor Diversey by chemicals group Solenis has been finalized.

The $4.6 billion deal officially closed on July 5. It means Solenis has now grown to become an enterprise operating in over 130 countries, with 71 manufacturing facilities and more than 15,000 employees. The business was acquired by Platinum Equity in 2021, but Diversey’s former owner Bain Capital now has a minority stake following this transaction.

Platinum Equity managing director Nathan Eldridge said Solenis’ strategy includes “additional acquisitions in core and adjacent markets going forward.” We could therefore see further consolidation in the cleaning and hygiene vendor channel as Diversey flexes its muscles under its new ownership.