All relevant authorities have approved the transaction
New company is called Kensing
Yesterday, BASF concluded the sale of its manufacturing site in Kankakee, Illinois, to an affiliate of One Rock Capital Partners, LLC, a U.S.-based private equity firm. The agreement also includes the associated businesses of vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants and esters produced at the Kankakee site. All relevant authorities have approved the transaction. Branded as Kensing, the newly formed company has around 190 employees. Both parties agreed not to disclose financial details of the agreement.
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