Divestment of Water Care Business

Lon­za announced the com­ple­tion of the divest­ment of its for­mer Water Care busi­ness and oper­a­tions to Plat­inum Equi­ty for USD 630 mil­lion. The strate­gic agree­ment between both par­ties was already announced on 1 Novem­ber 2018.

The com­pa­ny 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. Ear­li­er 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.