May 28, 2015
FOR IMMEDIATE RELEASE
Leading specialty chemical manufacturer establishes its home base in Wilmington
WILMINGTON, Del. (May 28, 2015) — Solenis LLC, a leading manufacturer of specialty chemicals, has established its global headquarters in Wilmington, where it has plans to add up to 122 new full-time positions.
Solenis, which transitioned from a commercial unit of Ashland Inc. to a stand-alone company in 2014, will be adding well-paying IT, legal, sales, financial and other positions at its new 40,000-square-foot home off Beaver Valley Road. The company has 30 manufacturing facilities and employs 3,500 people in 118 countries across five continents.
"By adding much-needed, high-quality jobs and establishing roots here in Delaware, Solenis is making a major statement about our state's workforce. Its commitment ensures they will be part of our economic growth and push to innovate in the future", Gov. Jack Markell said. "We are proud to be the worldwide headquarters for this ground-breaking company."
While the Solenis name might be new to some, the company has a rich history and diverse portfolio that has already established its position as a forerunner in its industry.
The company dates back some 94 years, as it has been known as Betz Laboratories, Drew, Stockhausen, Hercules and Ashland Water Technologies. It is now stands as one of just three industrial water treatment companies with a truly global footprint.
Its specialty chemicals service the pulp, paper, oil and gas, chemical processing, mining, bio-refining, power and municipal markets. It also focuses on process and water solutions, which helps customers increase production, lower costs, boost efficiency and reduce environmental impact.
On Tuesday, Solenis was approved for a Strategic Fund Performance grant in the amount of $1,084,200 for the creation of up to 122 new full-time positions and the relocation of five new full-time positions; as well as a Capital Expenditure grant in an amount not to exceed $16,197, based on 3 percent of qualified capital expenditures of $539,900.
Solenis is proud to continue the rich heritage of specialty chemical companies headquartered in the state of Delaware. This Strategic Fund grant will help us grow our business and expand employment opportunities offered by Solenis in Delaware, stated John E. Panichella, CEO and President, Solenis.
Alan Levin, Director of the Delaware Economic Development Office, said "Solenis had other options, and could have easily relocated its headquarters and taken the jobs with it."
The fact that they chose Delaware is a tribute to our state, our workforce, and the dedication of our elected leaders, Levin said. We believe that Solenis, as a stand-alone company and under the leadership of Mr. Panichella, has a bright future for future growth and success.
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.
The Delaware Economic Development Office is an executive state agency responsible for attracting new investors and businesses to the state, promoting the expansion of existing industry, assisting small and minority-owned businesses, promoting and developing tourism and creating new and improved employment opportunities for all citizens of the State. Visit dedo.delaware.gov.
FOR FURTHER INFORMATION
Vice President, Corporate Communications
Delaware Economic Development Office