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Solenis to Acquire the Paper Business of ChemSystems

March 2, 2020

FOR IMMEDIATE RELEASE

WILMINGTON, Del. (USA) — Effective February 28, 2020, Solenis signed an agreement to acquire the paper business of ChemSystems, a division of AECI Ltd. The transaction is expected to close in the second quarter of 2020.

Headquartered in Johannesburg, South Africa, ChemSystems produces and supplies specialized chemical solutions for water-intensive industries, including the pulp, paper and tissue manufacturing industries in South Africa and sub-Saharan Africa. Until this acquisition, the business was Solenis' pulp and paper specialty chemical distributor in Africa.

"This is an excellent opportunity to continue to consolidate our channel to market after the recent successful merger of BASF's Paper and Water Chemicals business with Solenis," said John Panichella, president and CEO, Solenis. "We have had an exceptional working relationship with ChemSystems for many years and this acquisition will allow Solenis to directly provide value to pulp, paper and tissue markets in South Africa."

Mark Dytor, chief executive, AECI added, "Through ChemSystems, we have partnered with South Africa's pulp and paper customers for many years. Excellent relationships have been developed and I am certain that these will be enhanced further by Solenis."

<div class="line">&nbsp;</div> <h2>About Solenis</h2> <p>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&rsquo;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 49 manufacturing facilities strategically located around the globe and employs a team of over 6,500 professionals in 130 countries across six continents. Solenis is a 2023 US Best Managed Company.</p> <p>For additional information about Solenis, please visit <a href="https://solenis.com/en/">www.solenis.com</a> or follow us on social media.</p>

FOR FURTHER INFORMATION

Europe, Middle East and Africa

Gillian (Gill) Davies

Senior Manager, Corporate Communications, Eurasia