Basel, CH—Lonza announced the finalization of its divestment in its former Water Care business to Platinum Equity for USD 630 million, according to a press release.

The release states that Lonza plans to re-invest parts of the proceeds into the Healthcare Continuumm® and focus on deleveraging. Lonza also announced a new Executive Committee member and the internal alignment of its business structure earlier this week, according to the release.