Solenis closed on the acquisition of Neu Kimya Anonim Şirketi in late May.
Located in Istanbul, Turkey, Neu Kimya serves water treatment and oil and gas markets in Turkey, southeast Europe and the Middle East.
Terms of the transaction were not disclosed.
“We are excited to combine Neu Kimya’s talented commercial team and technical capabilities with Solenis’ world-class solutions to create enhanced value for our customers,” said Andrea Natali, vice president and general manager, EMEA Industrial Solutions, Solenis.
“This new acquisition adds to our strategic growth plan following our recent ownership change to Platinum Equity,” said John Panichella, CEO, Solenis. “With the ongoing support from the Platinum Equity team, we continue to proactively seek other opportunities for similar acquisitions that enhance our ability to serve customers.”
For more information, visit www.solenis.com.
Solenis is a global producer of specialty chemicals focused on water-intensive industries, including the pulp, packaging paper and board, tissue and towel, oil and gas, petroleum refining, chemical processing, mining, biorefining, power, municipal and pool and spa markets.
Headquartered near Wilmington, the company has 47 manufacturing facilities located around the globe and employs a team of over 6,000 employees in 120 countries across five continents.
The cmpany was founded to acquire assets of Ashland, formerly Hercules Incorporated. The private-equity funded company has gone on to acquire other business.
Additional information about Solenis is available at www.solenis.com.
