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Kensing to Acquire Surfactants and Specialty Esters Operations from Evonik

November 13, 2022
November 13, 2022
Engin Akyurt via Pexels

Kensing, a leading manufacturer of natural vitamin E, plant sterols, specialty esters, and high-purity anionic surfactants, and a portfolio company of One Rock Capital Partners, has entered into a definitive agreement to acquire the Hopewell, Virginia, amphoteric surfactants and specialty esters manufacturing operations from Evonik.

WHO: Located in Hopewell, Virginia, the business primarily serves the personal care market, focusing on skincare, haircare, and oral care applications. The business is known for product quality and technical leadership, with over 50 years of experience in betaines chemistry, and ships products to leading personal care and home care customers in North America.

Kensing is a leading manufacturer of a broad range of specialty chemicals derived from vegetable oils including plant sterols, natural vitamin E, anionic surfactants, and esters. Headquartered in Kankakee, Illinois, Kensing's high-quality, precisely formulated ingredients serve a diverse array of customers across the home & personal care, pharmaceuticals, nutrition, and agricultural markets.

IN THEIR OWN WORDS: "The amphoteric surfactants and specialty esters manufacturing operations that Kensing will acquire as a result of this transaction are complementary to our existing product portfolio derived from plant-based feedstocks," said Serge Rogasik, Chief Executive Officer of Kensing. "Building on our leadership position in high-purity anionic surfactants, by acquiring the Business, we are expanding Kensing's presence in personal care and home care ingredients to provide our customers with an expanded range of low-detergency product and service offerings."

Rohan Narayan, Partner at One Rock, added, "We are excited to support Kensing in its second add-on acquisition. The Business manufactures innovative, high-quality, natural raw material based products and is a great fit for Kensing. We continue to actively support Kensing's pursuit of acquisition opportunities aimed at further strengthening its position as a leading, global manufacturer of plant-based ingredients."

DETAILS:

  • Kensing, a portfolio company of One Rock Capital Partners, has entered into a definitive agreement to acquire the Hopewell, Virginia, amphoteric surfactants and specialty esters manufacturing operations from Evonik.
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