Issue Date: August 11, 2014
Private Equity Likes Chemicals
A series of new deals demonstrates that private equity firms are still eager to buy chemical businesses. Clayton, Dubilier & Rice has finalized its $1.8 billion purchase of Ashland’s water technology business and renamed it Solenis. In a press call, CDR principal Stephen W. Shapiro said the business will maintain its senior managers, including CEO John W. Panichella. As a stand-alone company, Solenis will invest in new-product development and monitoring services . . .
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