Solenis agrees to buy two Dutch specialty chemical firms
Solenis has signed an agreement to acquire shares in two Netherlands-based companies Lostris International and Wester Blend, which are focused on supplying specialty chemicals to the pulp and tissue and towel markets.
Subject to receipt of customary regulatory approvals in Germany, the transaction is expected to be complete in the second quarter of this year.
Lostris is focused on producing defoamer formulations, pitch dispersants and scale control chemistries for the pulp market.
The company also offers complementary crepe and release products that will further strengthen Solenis' tissue and towel product range.
Solenis president and CEO John Panichella said: "Lostris's and Wester Blend's capabilities complement the current Solenis offerings in the global pulp, and tissue and towel markets."
Solenis produces specialty chemicals for the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets.
Lostris International and Wester Blend president Eelco van 't Hoog said: "We are delighted to work together with the leading supplier of specialty chemicals to the pulp and paper industry to ensure a smooth transition for our customers.
"By joining together in a shared commitment to solve problems for our customers the collective strengths of the companies will generate enormous opportunities for exciting new products and growth."
Solenis's product portfolio includes a broad array of process, functional and water treatment chemistries, as well as monitoring and control systems.
Customers use these technologies to improve operational efficiencies, improve product quality, protect plant assets, as well as minimise environmental impact.