“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.