Solenis signed an agreement to acquire the shares in Nopco Holding AS and related subsidiaries. The company is based in north Wilmington and was formed with the sale of paper chemical and other assets of Ashland.
The company is based in north Wilmington. Solenis was formed with the sale of paper chemical and other assets of Ashland, which several years earlier had purchased Hercules, Incorporated.
The company has been making “bolt-on” acquisitions in its product areas.
Nopco is a producer and supplier of advanced chemical solutions for the pulp and paper industry. The transaction is expected to close in the fourth quarter of 2016, following receipt of customary regulatory approvals in Germany.
Nopco produces defoamers, collecting agents, deposit control agents, and insolubilizers for the European pulp and paper, industrial and recycling markets.
Nopco’s antifoam and de-inking products are complimentary to Solenis’ existing global portfolio of pulp and paper specialty chemical solutions.
“This is a unique opportunity to combine Nopco’s cutting edge technologies with Solenis’ strong global channel to market,” said John Panichella, CEO, Solenis. “This is another excellent example of Solenis’ commitment to invest in the pulp and paper industry,” stated Charles Robinson, senior vice president, pulp and paper, Solenis.
Solenis is a global producer of specialty chemicals for the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets.
The company has 30 manufacturing facilities located around the globe and employs a team of approximately 3,500 professionals in 118 countries across five continents. For additional information about Solenis, visit www.solenis.com.
