A spin-off of Ashland Inc. is getting a state grant in return for locating its headquarters in Delaware.
Solenis LLC, a manufacturer of specialty chemicals, has established its global headquarters in Wilmington, where it has plans to add up to 122 new full-time positions.
The company earlier announced the opening of its headquarters in the state.
On Tuesday, Solenis was approved for a Strategic Fund Performance grant in the amount of $1,084,200 for the creation of up to 122 new full-time positions and the relocation of five new full-time positions; as well as a Capital Expenditure grant in an amount not to exceed $16,197, based on 3 percent of qualified capital expenditures of $539,900.
Solenis, which moved from a commercial unit of Ashland Inc. to a stand-alone company in 2014, will add IT, legal, sales, financial and other positions at its new 40,000- square-foot genera office on Beaver Valley Road off Route 202.
The company has 30 manufacturing facilities and employs 3,500 people in 118 countries across five continents.
“By adding much-needed, high-quality jobs and establishing roots here in Delaware, Solenis is making a major statement about our state’s workforce. Its commitment ensures they will be part of our economic growth and push to innovate in the future,” Gov. Jack Markell said. “We are proud to be the worldwide headquarters for this ground-breaking company.”
The company dates back 94 years, as it has been known as Betz Laboratories, Drew, Stockhausen, Hercules and Ashland Water Technologies. It is now stands as one of three industrial water treatment companies with a truly global footprint, according to a release from the state.
Its specialty chemicals service the pulp, paper, oil and gas, chemical processing, mining, bio- refining, power and municipal markets. It also focuses on process and water solutions, which helps customers increase production, lower costs, boost efficiency and reduce environmental impact.
“Solenis is proud to continue the rich heritage of specialty chemical companies headquartered in the state of Delaware. This Strategic Fund grant will help us grow our business and expand employment opportunities offered by Solenis in Delaware,” stated John E. Panichella, CEO of Solenis.
Alan Levin, Director of the Delaware Economic Development Office, said Solenis had other options, and could have easily relocated its headquarters and taken the jobs with it.
“The fact that they chose Delaware is a tribute to our state, our workforce, and the dedication of our elected leaders,” Levin said. “We believe that Solenis, as a stand-alone company and under the leadership of Mr. Panichella, has a bright future for future growth and success.”
