Volume 90 Issue 15 | p. 18 | Concentrates
Issue Date: April 9, 2012

One Equity Acquires Sonneborn From Sun

Department: Business
Keywords: petrolatum, private equity, acquisition

Private equity firm One Equity Partners has bought the petrolatum, wax, and white-oil specialist Sonneborn from Sun Capital Partners, another private equity firm, for an undisclosed sum. Sun acquired Sonneborn for $50 million in 2005 from Chemtura. At the time the business had annual sales of about $265 million. Sun added Chemtura’s sodium sulfonate and oxidized petrolatum business to Sonneborn in 2010. One Equity, an arm of JPMorgan Chase, sold its 50% stake in German catalyst maker Süd-Chemie to Clariant for $1.3 billion last year. It also sold carbon black maker Columbian Chemicals to India’s Aditya Birla Group for $875 million last year.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

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