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Kensing Completes Acquisition Of Hopewell, Va Amphoteric Surfactants And Specialty Esters Operations From Evonik Corporation

Nov 01, 2022•about 3 years ago

Acquiring Company

Kensing

Acquired Company

HOPEWELLAMPHOTERIC SURFACTANTS

Description

Kensing, LLC ("Kensing" or the "Company"), 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, LLC ("One Rock"), today announced that it has successfully completed the previously announced acquisition of the Hopewell, Virginia amphoteric surfactants and specialty esters manufacturing operations from Evonik Corporation ("Evonik").

Company Information

Company

Kensing

About

Kensing, LLC 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, IL, Kensing's high-quality, precisely formulated ingredients serve a diverse array of customers across the home & personal care, pharmaceuticals, nutrition and agricultural markets. Kensing is uniquely focused on providing customers with a superior level of service, agility and expert collaboration to help them develop improved products. To learn more, please visit www.kensingsolutions.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed