Solenis has completed its previously announced acquisition of the paper process chemicals business of Kolb Distribution Ltd., a unit of Swiss-based KLK Kolb Group.
The deal also includes a long-term supply agreement, in which the KLK Kolb Group will manufacture paper process chemicals exclusively for Solenis.
“Bringing together the Kolb team with our consumer solutions business adds to our ability to deliver expanded offerings and provide cost-effective solutions for our EMEA pulp and paper customers. Kolb’s portfolio includes the latest innovations in deposit control, cleaning and foam control agents that will strengthen our commitment to providing more value to our customers,” said John Panichella, CEO of Solenis.
“The long-term supply agreement will give customers throughout EMEA more assurance of supply for cost-effective and high-quality products,” said Jacques Herber, Eurasia president, Solenis. “Kolb’s wide range of manufacturing process technologies, including alkoxylation, esterification and dispersion, will provide the Solenis commercial team with added product flexibility to offer customized solutions for our customers.”
“Solenis is proving to be an outstanding platform for growth, both organically and through strategic M&A,” said Platinum Equity Partner Jacob Kotzubei and Platinum Equity Managing Director Nathan Eldridge in a joint statement. “We are excited to continue collaborating with John and the management team to find other opportunities to help the company expand.”
Solenis is owned by Platinum Equity and is hHeadquartered near Wilmington, the company has 49 manufacturing facilities strategically located around the globe and employs 6,500 professionals in 120 countries.
Solenis grew out of the purchase of water chemical operations of Ashland, formerly Hercules and has gone on to acquire companies in that space. Annual sales have grown to $4 billion. The company is building a research and development center in the Wilmington area.