Cognis realises the final piece of the IWP International jigsaw

Friday, December 29, 2017

2012 saw substantial realisations from several subsidiaries of the IWP International public to private deal, following a comprehensive turnaround programme.

The remaining businesses included several prominent home care brands in the UK under the Jeyes umbrella (Jeyes, Bloo, Parazone) and the Aromair home fragrance business in the US.  Following further turnaround work, the major UK brands were sold to German firm, Henkel in 2016 and the remaining UK business was sold to management in early 2017.  The remaining US business Aromair was sold to Knowlton Development Corporation at the end of 2017.

This brings to a successful conclusion this complex distressed buyout and restructuring investment.