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. Cognis is a deliverer of natural source raw materials and ingredients for food, nutrition and healthcare markets, and the cosmetics, detergents and cleaners industries. Another one of their markets is in products for a number of other industries, such as coatings and inks, lubricants as well as agriculture and mining. Cognis was an integrated part of Henkel, a German consumer products company, until 1999, when it became an operationally independent business unit. In November 2001, Cognis was bought by private equity fundsPermira, GS Capital Partners and SV Life Sciences. In 2008, Cognis recorded sales of about 3 billion euros and an Adjusted EBITDA of 351 million euros. 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.
Care Chemicals is a global producer of specialty chemicals and surfactants for manufacturers of hair, skin and body care products, as well as makers of household and industrial detergents and cleaners:
Nutrition & Health develops and produces natural-source ingredients for the food and healthcare industries:
* Food Technology: food emulsifiers, specialty compounds and functional ingredients from baked goods to ingredients for ready-to-eat desserts
* Functional Food: functional lipids, phytosterols, botanical specialties, conjugated linoleic acid and functional products such as antioxidants, omega-3 fatty acids, natural-source vitamin E and natural-source carotenoids
* Dietary Supplements: natural-source nutrients including vitamin E, mixed tocopherols, mixed carotenoids, botanical specialties, lutein esters, alpha-lipoic acid, phytosterols, and omega-3 fatty acids
* Pharmaceuticals & Healthcare: excipients for the pharmaceutical industry, such as high purity oleochemicals and derivatives, drug delivery agents, active ingredients, building blocks, botanical ingredients, antioxidants.
Functional Products develops integrated solutions which purpose is to enhance the performance and cost efficiency of manufacturing processes for a variety of industrial markets:
* Polymers, Coatings & Inks: additives, binders and hardeners for many kinds of coatings, printing inks, adhesives and polymerization products
* Synlubes Technology: products to formulate hydraulic and transmission fluids, automotive, aircraft and refrigerant lubricants, as well as additives for fuels and metalworking fluids
* AgroSolutions: additives and adjuvants for plant protection formulations as well as nutrients, emulsifiers and defoamers
* Mining & Ion-Transfer Technology: products for environmentally sound metal extraction, metal recovery and recycling, and for the elimination of heavy metals from wastes.
About 50 percent of the resources processed by Cognis are renewable. As base materials, Cognis uses natural oils and fats, or plant extracts.
Cognis has claimed to make efforts which would strengthen its presence in high-growth regions, especially the Asia-Pacific market. In 2008, the Asia-Pacific region accounted for 14% of Cognis’ sales, North America was representing 20%, Central and South America 6%, and Europe 60%.
