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July 06, 2023

Platinum Equity, Solenis executives: Diversey merger creates broader, more global platform

Announced earlier this year, Solenis has formally acquired Diversey in an all-cash transaction valued at $4.6 billion. Headquartered in Wilmington, Del., Solenis is a global manufacturer of specialty chemicals used in water-intensive industries. Platinum Equity acquired Solenis in 2021. Diversey is a global provider of hygiene, infection prevention and cleaning solutions based in Fort Mill, S.C. Diversey distributes familiar brands like Lysol home cleaner, Dove soap and Suave bath products in the Middle East, Asia Pacific, as well as Turkey and Russia. Solenis CEO John Panichella...

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July 05, 2023

Solenis Completes Acquisition of Diversey for $4.6 Billion

Deal combines two industry leaders in adjacent but highly complementary markets WILMINGTON, Del. (USA) — Solenis, a leading manufacturer of specialty chemicals used in water-intensive industries, has completed its previously announced acquisition of Diversey Holdings, Ltd., effective July 5, in an all-cash transaction valued at an enterprise value of approximately $4.6 billion. Diversey is a leading provider of hygiene, infection prevention and cleaning products and technology. With the acquisition, Solenis has grown to an enterprise operating in over 130 countries with 71 manufacturin...

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July 02, 2023

Platinum Equity Acquires JELD-WEN Australasia Windows and Doors Business

LOS ANGELES, July 2, 2023 — Platinum Equity announced today that the acquisition of the JELD-WEN Australasia windows, doors and related building products business from JELD-WEN Holding, Inc. for approximately $461 million has been completed. “We are pleased to have provided a divestiture solution to JELD-WEN as the company continues to streamline and simplify its business,” said Platinum Equity Co-President Louis Samson. “Platinum has decades of experience with corporate carve outs and we expect a seamless transition. We are excited about the prospects for the Australasia business a...

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June 21, 2023

How Club Car is assisting Georgia-based charities through annual sponsorship of Korn Ferry Tour event

At 32, Ironman triathlete Molly Barker’s struggles with alcohol abuse and addiction inspired her to start a Charlotte, N.C.-based program to help young girls navigate life experiences. Since then, Girls on the Run has grown into a national program impacting more than two million girls. Girls on the Run Coastal Georgia is one of Club Car’s charitable partners benefiting from the golf cart and utility vehicle manufacturer’s annual sponsorship of a Korn Ferry Tour event in Savannah, Ga. The annual Club Car Championship at The Landings Golf & Athletic Club in March raised more tha...

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June 09, 2023

TruckPro’s charitable giving program raises $125,000 for St. Jude’s Research Hospital, other charities

TruckPro announced a donation of $125,000 to charities that support veterans, children’s cancer research and underserved communities during its annual sales summit in March. The beneficiaries of the TruckPro Gives Back program were the Wounded Warrior Project and The War Amps ($55,000 combined), St. Jude Children’s Research Hospital ($40,000), and the Salvation Army in the U.S. and Canada ($30,000). The company’s annual giving program is voluntary, and it gives associates and suppliers a framework to support these groups. “These organizations have demonstrated a significant im...

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May 23, 2023

LRG, a Mad Engine brand division, launches its first sustainable capsule to honor Earth Day

LRG, a brand division of Mad Engine, launched its first sustainable capsule in April to honor Earth Day 2023. In the fashion industry, a capsule is a limited-edition apparel collection that correlates with an important moment or event. LRG's Earth Day capsule utilizes organic cotton and recycled materials. The initiative is part of Mad Engine’s MadSustainable program that was launched in 2019. “We continue to improve our efforts to be a more sustainable organization and a leading example in the apparel and fashion industry,” Mad Engine president and CEO Faizan Bakali said in a rele...

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