May 26, 2022
FOR IMMEDIATE RELEASE
WILMINGTON, Del. (USA) – Solenis, a leading global producer of specialty chemicals, closed on the acquisition of Neu Kimya Anonim Şirketi (“Neu Kimya”) on May 26, 2022.
Located in Istanbul, Turkey, Neu Kimya serves the heavy/light water treatment and oil and gas markets in Turkey, Southeast Europe and the Middle East. The acquisition of Neu Kimya fits well with Solenis’ direct-to-market strategy and will offer customers in the region improved product and service offerings.
"We are excited to combine Neu Kimya’s talented commercial team and technical capabilities with Solenis’ world-class solutions to create enhanced value for our customers," said Andrea Natali, vice president and general manager, EMEA Industrial Solutions, Solenis.
"This new acquisition adds to our strategic growth plan following our recent ownership change to Platinum Equity," said John Panichella, CEO, Solenis. "With the ongoing support from the Platinum Equity team, we continue to proactively seek other opportunities for similar acquisitions that enhance our ability to serve customers."
For more information, visit www.solenis.com.
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, mining, 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 49 manufacturing facilities strategically located around the globe and employs a team of over 6,000 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
Europe, Middle East and Africa
Senior Manager, Corporate Communications, Eurasia