April 7, 2015
FOR IMMEDIATE RELEASE
WILMINGTON, Del. – Effective April 1, 2015, Solenis Chemicals India Private Limited completed the acquisition of assets associated with the Solenis pulp and paper business represented by Connell Bros. Company (India) Private Limited in India. All assets associated with the Solenis pulp and paper business represented by Connell Bros. Company (India) Private Limited in India are a part of the deal including the sales, technical, and operating personnel directly related to the paper unit, as well as an AKD emulsion manufacturing facility.
"India is now the fastest growing pulp and papermaking country in the world with 10.5 million tons of paper and board production and represents a significant growth opportunity for Solenis,” stated John Panichella, president and CEO. " We have worked in close collaboration with the CBC India team for a number of years so this is a logical next step in our desire to provide total solutions to our customers in this market.” “This is another example of Solenis’ commitment to continuous investment in the pulp and paper industry and we are delighted to continue to build strong business relationships with our customers in India,” said Nandkumar Dhekne, vice president, Asia Pacific.
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.
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FOR FURTHER INFORMATION
Vice President, Corporate Communications