Kensing to Acquire Hopewell, VA Amphoteric Surfactants and Specialty Esters Operations from Evonik Corporation

Kensing, LLC  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 entered into a definitive agreement to acquire the Hopewell, Virginia amphoteric surfactants and specialty esters manufacturing operations from Evonik Corporation (“Evonik”).

Located in Hopewell, Virginia, the Business primarily serves the personal care market, with a focus on skincare, hair care 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.

“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.”

The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the third quarter of 2022.