Cognis
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Type | Subsidiary |
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Industry | Chemicals |
Founded | August 1, 1999 |
Headquarters | Monheim, Germany |
Key people |
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Revenue | € 3.001 billion (2008) |
Number of employees | 5,600 (2009) |
Parent | BASF |
Website | web |
Cognis was a worldwide supplier of specialty chemicals and nutritional ingredients, headquartered in Monheim am Rhein, North Rhine-Westphalia, Germany. The company employs about 5,600 people and operates production or service centers in almost 30 countries. Cognis was acquired by BASF in 2010.
Cognis was an integrated part of Henkel, a German consumer products company, until 1999, when it became an operationally independent business unit. In November 2001, Cognis was bought by private equity funds Permira, GS Capital Partners and .
BASF reached an agreement with Cognis Holding Luxembourg S.à r.l. — which is controlled by Permira Funds, GS Capital Partners and SV Life Sciences — to acquire the specialty chemicals company Cognis for an equity purchase price of €700 million. Including net financial debt and pension obligations, the enterprise value of the transaction is €3.1 billion. The acquisition is subject to clearance by the competent merger control authorities. Closing of the transaction occurred in December 2010.
External links[]
- Specialty chemical companies
- Companies based in North Rhine-Westphalia
- BASF
- Chemical companies of Germany
- German corporate subsidiaries