Solenis agrees to takeover Nopco Colombiana
US-based Solenis has agreed to acquire the business and assets of Nopco Colombiana, a producer and supplier of specialised chemical solutions for a wide range of industries across Central and South America.
Financial details of the transaction have not been disclosed by the companies.
Upon securing all the customary regulatory approvals, the deal is expected to be closed by the third quarter this year.
Solenis president and CEO John Panichella said: “This is an opportunity to combine Nopco Colombiana’s position in north-western South America with Solenis’ global direct-to-market strategy.”
Headquartered in Medellin, Colombia, Nopco Colombiana manufactures and distributes wet strength resins, antiscalants, dispersants and defoamers in Colombia, Ecuador and Peru.
The company has a workforce of nearly 75 people.
Prior to this acquisition, Nopco Colombiana was distributor of Solenis’ pulp and paper specialty chemical products in Central and South America.
Solenis Latin America vice-president José Armando Piñón Aguirre said: “This acquisition will strengthen our portfolio for the water treatment market and enable us to better serve the growing Central and South American markets through expanding our production footprint and customer service capabilities.”
Headquartered in Wilmington, Delaware, Solenis owns 37 manufacturing facilities around the globe, serving a wide-range of industries including pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets.