Solenis and BASF to Combine Paper and Water Chemicals Businesses

Effective May 2, 2018, Solenis and BASF signed an agreement to combine BASF’s paper and water chemicals business with Solenis to jointly create a customer-focused global specialty chemical company. The combined company intends to operate under the Solenis brand and will be positioned to provide expanded offerings and cost-effective solutions for customers in two specialty chemical businesses: paper technologies and industrial water technologies.

The transaction is expected to close around the end of 2018 following regulatory approvals and other customary conditions. Financial terms were not disclosed.

“Together, we have a unique opportunity to create a customer-focused global specialty chemical company with an enhanced focus and expanded offerings,” said Solenis President and CEO John Panichella, who will lead the combined company headquartered in Wilmington, Delaware, USA. “I am pleased that our cultures are closely aligned and that our companies share a strong common desire to create value for our customers. Together, as one team of experts, we will continue to strive toward excellence in innovation, sustainability and safety.”

“Combined with Solenis’ service capabilities, we will create additional value for our customers. They will benefit from our joint innovation activities, complementary state-of-the-art product portfolios, and dedicated service and application support,” said Anup Kothari, president of BASF’s Performance Chemicals division.
https://solenis.com/en/news-events/news/solenis-basf-agreement/

Related Posts

Kotkamills To Discontinue Its Operations In Imatra By The End Of 2018

The Kotkamills group has been producing Saturating Base Kraft (laminating papers) in Tainionkoski, Imatra on Paper Machine 7 (PM 7) leased from Stora Enso Oyj since the separation of Kotkamills from Stora Enso in 2010. The operations are part of the Group’s Industrial Products segment. Stora Enso Oyj has notified Kotkamills Oy that the leasing agreement concerning Tainionkoski PM7 will be terminated in accordance with its terms to expire at the end of 2018. Click Read More below for additional detail.

Domtar Helps Equip Students for Remote Learning

Due to the global pandemic, most students in the United States are starting school online or following a hybrid model that combines remote learning with in-person classes. The move to remote learning means that, in addition to the typical school supplies students need to be prepared and organized in a classroom, many children will need extra supplies to succeed at home. According to Classroom Central, a nonprofit organization that equips students for education, remote learning has actually increased the need for supplies. More families are experiencing financial hardship due to the pandemic, and because they are not in the classroom each day, students have fewer opportunities to share supplies. “Students will need the same supplies at home that they need at school in order to take notes and complete their coursework, including writing utensils, paper and composition books,” says Karen Calder, executive director of Classroom Central.
Back To Top
×Close search
Search