Solenis, a global producer of specialty chemicals, closed on the acquisition of 100% of the outstanding shares of SCL GmbH on January 18.
Located in Ludwigshafen, Germany, SCL produces DMA3, a primary raw material for cationic polyacrylamide production. Polyacrylamide is used in water treatment, minerals, and paper processing.
“The acquisition of this business provides Solenis with the backward integration that supports our polyacrylamide growth plan and better enables us to provide strategic products to our customers around the world,” said John Panichella, CEO of Solenis. “This is our first bolt-on acquisition following our recent ownership change to Platinum Equity. The support by the Platinum team for our strategic growth plan has been excellent, and I am confident that our partnership will yield more of these projects in the future.”
Solenis has been growing rapidly through acquisitions.
Headquartered near Wilmington, the company has 47 manufacturing facilities strategically located around the globe and employs a team of over 6,000 professionals in 120 countries across five continents.