September 6, 2016
FOR IMMEDIATE RELEASE
WILMINGTON, Del. — Effective September 5, 2016, Solenis signed an agreement to acquire the shares in Nopco Holding AS and related subsidiaries (Nopco), a producer and supplier of advanced chemical solutions for the pulp and paper industry. The transaction is expected to close in the fourth quarter of 2016, following receipt of customary regulatory approvals in Germany.
Nopco produces defoamers, collecting agents, deposit control agents, and insolubilizers for the European pulp and paper, industrial and recycling markets. Nopco's antifoam and de-inking products are complimentary to Solenis' existing global portfolio of pulp and paper specialty chemical solutions.
"This is a unique opportunity to combine Nopco's cutting edge technologies with Solenis' strong global channel to market," said John Panichella, president and CEO, Solenis.
"This is another excellent example of Solenis' commitment to invest in the pulp and paper industry," stated Charles Robinson, senior vice president, pulp and paper, 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, 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