Lonza Specialty Ingredients (LSI) announces that it has launched as an independent business, following the completion of the carve out of Lonza Specialty Ingredients from Lonza Group.
Marc Doyle has been appointed Chief Executive Officer of LSI, effective immediately. LSI is now held by Herens HoldCo Ltd., an entity controlled by private equity firms Bain Capital and Cinven.
Transformational Opportunity for LSI
Commenting on the launch of LSI, Marc Doyle, Chief Executive Officer of LSI, said, “
This carve out is a transformational opportunity for LSI, enabling it to accelerate its growth strategy within the microbial control and specialty chemicals markets with the strong, long-term support of our new owners.”
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As we continue to build on the solid foundations created by Lonza Group, independence will allow LSI to be a more responsive and agile business, developing unique, innovative solutions to help customers protect their products from microbial spoilage, improve health and safety and reduce their environmental footprints.”
LSI has a strong track record of delivering continuous growth and profitability, providing a solid foundation for future growth as an independent business. LSI has a world-leading, talented global team of 2,900 experts driven by the business’s core values of performance, collaboration, passion, and care.
LSI serves its customers in end markets ranging from industrial markets including paints and coatings, advanced composites, electronics and wood treatment, to consumer-facing markets including health, hygiene and home and personal care. LSI is focused on expanding its geographic footprint and the scale and depth of its capabilities, with the ultimate vision of building a world-leading specialty chemicals business.
LSI intends to re-brand in the coming months to reflect its position as a new, independent business.
Source: Lonza