LSI Completes Carve-Out From Lonza Group

July 6, 2021
Mark Doyle is appointed CEO of the independent global specialty chemicals business.

LSI says it has launched as an independent business following the completion of the carve-out of Lonza Specialty Ingredients from Lonza Group. Marc Doyle is the new chief executive officer of LSI. Doyle spent more than 25 years at DuPont including serving as chief executive officer of DuPont de Nemours Inc. and executive vice president and chief operating officer of DowDuPont, according to LSI. The company is now held by Herens HoldCo Ltd., an entity controlled by private equity firms Bain Capital and Cinven.

“This carve-out is a transformational opportunity for LSI, enabling it to accelerate its growth strategy within the microbial control and specialty chemicals markets with the strong, long-term support of our new owners. As we continue to build on the solid foundations created by Lonza Group, independence will allow LSI to be a more responsive and agile business, developing unique, innovative solutions to help customers protect their products from microbial spoilage, improve health and safety and reduce their environmental footprints,” says Doyle. “We are also firmly committed to building and investing in LSI’s sustainability strategy, enabling the business to respond and adapt to long-term environmental and social changes that are having a significant impact on the industry.”

Alongside Marc on the leadership team, Frank Stahl will continue to lead the Microbial Control Solutions business and Antje Gerber the Specialty Products Solutions business. Stahl and Gerber reportedly have more than 20 years’ experience in the specialty chemicals industry having held various leadership positions at large international companies.

The production facility in Visp, Switzerland remains central to LSI’s operations, according to the company. LSI will share the Visp site with Lonza.

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