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."
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