One Rock Capital Partners, LLC entered into a definitive agreement to acquire Manufacturing site in Kankakee, Illinois and the associated businesses from BASF SE (XTRA:BAS) on December 17, 2020. BASF continues to produce anionic surfactants for the home care, personal care and industrial formulators industries at its other sites worldwide. Around 160 employees will transfer to a new entity owned by One Rock as part of the deal. This includes business management and personal around the US. The transaction is subject to customary closing conditions, including regulatory approval. The transaction is expected to close in the first half of 2021. Jefferies LLC acted as financial advisor to BASF. DLA Piper represented BASF Corporation in the sale of its manufacturing site in Kankakee, Illinois. DLA Piper team included Arndt, Parameswaran, Peter Alfano, Ilya Bubel, James Kelly, Paolo Morante, Jeffrey Salinger, Victoria Lee and Rita Patel. One Rock Capital Partners, LLC completed the acquisition of Manufacturing site in Kankakee, Illinois and the associated businesses from BASF SE (XTRA:BAS) on June 1, 2021. Headquartered outside of Chicago, the newly independent company has approximately 190 employees and will operate under the name Kensing. In conjunction with the completion of the transaction, Serge Rogasik has been appointed Chief Executive Officer of Kensing. Jana Dammann De Chapto and Farrell Malone of Latham & Watkins LLP served as legal advisor to One Rock Capital Partners, LLC.