Elementis buys personal care ingredients maker SummitReheis for $ 360 mn

The deal will help Elementis to strengthen its position in the $13-billion anti-perspirant market

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BS B2B Bureau London, UK

Last Updated : Feb 14 2017 | 11:46 AM IST

Elementis Plc has entered into an agreement to acquire SRLH Holdings Inc (SummitReheis), a personal care ingredients manufacturer, from an affiliate of One Rock Capital Partners LLC for an enterprise value of $ 360 million. SummitReheis will become part of an enlarged personal care business within Elementis. For the year ended 31 December 2016, SummitReheis is expected to report revenue of $ 134 million and underlying EBITDA of approximately $ 28 million.

The specialty chemicals maker SummitReheis produces a range of critical active ingredients and materials tailored for use in personal care, pharmaceutical and dental products. SummitReheis' anti-perspirant actives business (more