Switzerland: Business Deal Lonza Completes Divestment of Water Care Business for 630 Million Dollars
The company plans to re-invest parts of the proceeds of the Water Care disposal into the Healthcare Continuum strategy. Lonza also changed internal alignment of its business structure in order to strengthen the firm’s position.
Basel/Switzerland – Lonza recently announced completion of the divestment of its former Water Care business and operations to Platinum Equity for 630 million dollars. The strategic agreement between both parties was already announced on November 1, 2018.
Lonza plans to re-invest parts of the proceeds of the Water Care disposal into the Healthcare Continuum and will continue to focus on deleveraging as has already been communicated. Recently, Lonza also announced the internal alignment of its business structure and a new Executive Committee member to further strengthen the company’s position along the Healthcare Continuum.