Cognis
TypeSubsidiary
IndustryChemicals
FoundedAugust 1, 1999
HeadquartersMonheim, Germany
Key people
  • Antonio Trius, CEO
  • Helmut Heymann, CAO
  • Marco Panichi, CFO
  • Paul S Allen, Functional Products
  • Richard Ridinger, Care Chemicals
  • Stéphane Baseden, Nutrition & Health
Revenue€ 3.001 billion (2008)
Number of employees
5,600 (2009)
ParentBASF
Websiteweb.archive.org/web/20060222141431/http://www.cognis.com

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.[1]

Cognis was an integrated part of Henkel, a German consumer products company, until 2000, when it became an operationally independent business unit.[2] In November 2001, Cognis was bought by private equity funds Permira, GS Capital Partners and SV Life Sciences.[3]

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.[4]

References

  1. ↑ www.forbes.com https://www.forbes.com/consent/?toURL=https://www.forbes.com/2010/06/23/basf-to-acquire-cognis-in-38b-deal-marketnewsvideo.html. Retrieved 2023-01-20. {{cite web}}: Missing or empty |title= (help)
  2. ↑ "Annual Report 2001" (PDF). Henkel. Retrieved 8 May 2023.
  3. ↑ "Permira and Goldman Sachs to buy Cognis - Leather International". www.leathermag.com. Retrieved 2023-01-20.
  4. ↑ "BASF completes acquisition of Cognis". www.basf.com. Retrieved 22 August 2022.
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