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Topchim Acquisition

March 7, 2018

FOR IMMEDIATE RELEASE

Solenis Completes the Acquisition of Topchim NV

WILMINGTON, Del. (USA) — Effective March 7, 2018, Solenis International, L.P. (Solenis) completed the acquisition of 100 percent of the shares of Topchim NV (Topchim). Headquartered in Antwerp, Belgium, Topchim is a leading ecological coating company for the paper, cardboard, and packaging converting industries in Europe. Solenis will integrate the Topchim business as part of its strategy to expand its offering to the pulp and paper market.

The purchase of Topchim represents Solenis' commitment to new and innovative technologies, stated John Panichella, Solenis president and CEO. "The acquisition will enable Solenis to serve the growing barrier coatings market while maintaining our commitment to environmental sustainability."

"Through the development of proprietary technologies based on bio-renewable materials, Topchim has created a distinct competitive advantage in the barrier coatings market," said Ludwig Krapsch, vice president, Solenis Pulp and Paper EMEA. "We are excited to join the Solenis family," stated Eric Jönsson, managing director, Topchim. "The combination of Topchim's pioneering technologies and talented team with Solenis' global network and reputation of service excellence provides a unique platform to grow sustainable products globally."

 

About Solenis

Solenis is a leading global producer of specialty chemicals for water-intensive industries, including the pulp, paper, oil and gas, petroleum refining, chemical processing, mining, biorefining, power and municipal markets. The company's product portfolio includes a broad array of process, functional and water treatment chemistries 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 and minimize environmental impact. Headquartered in Wilmington, Delaware, the company has 39 manufacturing facilities strategically located around the globe and employs a team of approximately 5,200 professionals in 120 countries across five continents. For additional information about Solenis, please visit www.solenis.com or follow us on social media.

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Catherine (Katy) Abernathy

Senior Director, Corporate Communications