December 15, 2014
FOR IMMEDIATE RELEASE
WILMINGTON, Del. – Solenis LLC today announced that it has signed an agreement to acquire Clearwater Specialties LLC, a privately-held specialty chemical company dedicated to the tissue and towel market. The deal includes all assets, intellectual property and business associated with Clearwater Specialties LLC and Clearwater Chemicals LLC. The transaction is expected to close in the first quarter of 2015, following receipt of customary regulatory approvals.
"The Clearwater Specialties products fit hand in glove with our current tissue and towel product portfolio,” said John Panichella, president and CEO, Solenis. “Leveraging our large channel to market and through our service-intensive business model, we will be able to offer their technologies to our global customer base.” “This is an excellent example of Solenis’ commitment to continuous investment in the pulp and paper industry,” stated Charles Robinson, senior vice president, Solenis.
“We are delighted to work together with the leading supplier of specialty chemicals to the tissue and towel industry to ensure a smooth transition for our customers,” stated Stephen H. Tucker, Managing Member of Clearwater Specialties LLC.
Solenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including the pulp, packaging paper and board, tissue and towel, oil and gas, petroleum refining, chemical processing, mineral processing, biorefining, power, municipal, and pool and spa markets. Owned by Platinum Equity, the company’s product portfolio includes a broad array of water treatment chemistries, process aids and functional additives, as well as state-of-the-art monitoring and control systems. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets, minimize environmental impact and maintain healthy water. Headquartered in Wilmington, Delaware, the company has 48 manufacturing facilities strategically located around the globe and employs a team of over 6,400 professionals in 120 countries across five continents. Solenis is a 2022 US Best Managed Company.
For additional information about Solenis, please visit www.solenis.com or follow us on social media.
FOR FURTHER INFORMATION
Vice President, Corporate Communications