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Solenis Completes Acquisition of Clearwater Specialties LLC

February 9, 2015

FOR IMMEDIATE RELEASE

WILMINGTON, Del. — Solenis LLC today announced that it has completed the previously announced acquisition of 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 technical synergies that exist between the Clearwater Specialties products and Solenis' products will enable us to provide our tissue and towel customers with new levels of performance", said John Panichella, president and CEO, Solenis. "Our global reach along with our significant applications expertise will make these capabilities available to a broader customer base."

"Working together with Solenis, I am eager to ensure a smooth transition for our customers. I will continue to bring my personal expertise to the table as a consultant for both our customers and Solenis", stated Stephen H. Tucker, Managing Member of
Clearwater Specialties LLC.

 

About Solenis

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, mining, 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 49 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

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Catherine (Katy) Abernathy

Senior Director, Corporate Communications