May 2, 2016
FOR IMMEDIATE RELEASE
WILMINGTON, Del. (USA) — Effective April 29, 2016, Solenis LLC, through its Dutch subsidiary Solenis Netherlands B.V., completed the acquisition of 100% of the shares of Lostris International B.V. and Wester Blend B.V., Dutch seller and manufacturer of specialty chemicals primarily used in the pulp and paper industry. The businesses will be integrated into Solenis as part of its strategy to broaden its process chemicals offering and expand its geographic presence.
"The purchase of Lostris and Wester Blend represents another milestone in Solenis' growth strategy adding new and complementary product offerings to our global portfolio," stated John Panichella, president and CEO. "Our global reach along with our significant applications expertise will ensure that these new technologies are available to a broader customer base."
"This is a very exciting opportunity for Solenis," said Ludwig Krapsch, vice president, Pulp and Paper Division EMEA. "We will now embark on an efficient integration of our two businesses and their talented teams into one Solenis that creates enhanced value for our clients."
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